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Whispering Excavating Inc. is purchasing a bulldozer. The equipment has a price of $99,800. The manufacturer has offered a payment plan that would allow Whispering

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Whispering Excavating Inc. is purchasing a bulldozer. The equipment has a price of $99,800. The manufacturer has offered a payment plan that would allow Whispering to make 10 equal annual payments of $19,900.00, with the first payment due one year after the purchase. How much total interest will Whispering pay on this payment plan? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Total interest $ e Textbook and Media Whisperingcould borrow $99,800 from its bank to finance the purchase at an annual rate of 9%. Click here to view factor tables Should Whispering borrow from the bank or use the manufacturer's payment plan to pay for the equipment? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 7%.) Manufacturer's rate

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