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Three part question. Please explain in detail the steps to each answer. Present value with periodic ratos Sam Hinds, a local dentist, is going to
Three part question. Please explain in detail the steps to each answer.
Present value with periodic ratos Sam Hinds, a local dentist, is going to remodel the dental roception area and add two new workstations. He has contacted A Dec, and the new equipment and cabinetry will cost $25,000 The purchase will be financed with an interest rate of 9% loan over 9 years What will Sam have to pay for this equipment if the loan calls for quarterly payments (4 per year) and weekly payments (52 per year)? Compare the annual cash outflows of the two payments Why does the weekly payment plan have less total cash outflow each year? GE What will Sam have to pay for this equipment of the loan calls for quarterly payments (4 per year)? s(Round to the nearest cent) Step by Step Solution
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