Multiple Choice
Charlie Corp. is purchasing new equipment with a cash cost of $250,000 for an assembly line. The manufacturer has offered to accept $57,400 payment at the end of each of the next six years. How much interest will Charlie Corp. pay over the term of the loan?
A) $57,400.
B) $250,000.
C) $307,400.
D) $94,400.
Correct Answer:
Verified
Correct Answer:
Verified
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