Question
Welland Fabricating borrowed $73,400 at 8% compounded quarterly to purchase a new piece of machinery. Payments of $5000 are made at the end of every
Welland Fabricating borrowed $73,400 at 8% compounded quarterly to purchase a new piece of machinery. Payments of $5000 are made at the end of every 3 months How much is the final loan payment? (Do not round your intermediate calculations. Round your final answer to 2 decimal places.).
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
8th Edition
9781439044612, 1439044619, 978-1111626822
