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WildhorseExcavating Inc. is purchasing a bulldozer. The equipment has a price of $104,300. The manufacturer has offered a payment plan that would allowWildhorseto make10equal annual
WildhorseExcavating Inc. is purchasing a bulldozer. The equipment has a price of $104,300. The manufacturer has offered a payment plan that would allowWildhorseto make10equal annual payments of $18,490.00, with the first payment due one year after the purchase. How much total interest willWildhorsepay 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.)
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