Essay
On July 1,2010,a customer has agreed to make six,$2,000 quarterly cash payments
staring October 1,2010 and $6,000 on July 1,2013 in exchange for a piece of equipment
that cost you $12,000.If the annual interest rate is 8% and the how much profit did you
earn on the sale of the equipment?
Correct Answer:
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Present value of annuity
ANN = $2,000; r...View Answer
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Correct Answer:
Verified
ANN = $2,000; r...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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