Tutorial 4-3 Annual Equivalent Method A company is planning to purchase an advanced machine centre. Three original manufacturers have responded to its tender whose particulars are tabulated as follows: Down payment Yearly equal No. of Manufacturer (RO) installment (RO) installments 5,00,000 2,00,000 15 4,00,000 3,00,000 15 3 6,00,000 1,50,000 15 1 Determine the best alternative based on the annual equivalent method by assuming i = 20% compounded annually