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Business, 28.04.2021 18:00 susanspagoot6385

A firm purchases equipment issuing an interest-bearing note that calls for 12 semiannual payments of $36,229. The first payment is due immediately. The note bears interest at 6% APR. Determine the original cost of the equipment. Note: PVOA(3%, 12n) = 9.954 PVOA(6%,12n) = 8.384 PVAD(3%, 12n) = 10.253 PVAD(6%, 12n) = 8.887

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A firm purchases equipment issuing an interest-bearing note that calls for 12 semiannual payments of...
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