Multiple Choice
Charlie Corp.is purchasing new equipment with a cash cost of $100,000 for an assembly line.The manufacturer has offered to accept $22,960 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) $22,960.
B) $100,000.
C) $122,960.
D) $37,760.
Correct Answer:
Verified
Correct Answer:
Verified
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