2.- DO IT IN EXCEL, AND SHOW THE FORMULAS If the company purchases the machine, its cost of $276,000 will be financed with a loan at 14.8% interest for three years requiring equal annual payments...


2.-

DO IT IN EXCEL, AND SHOW THE FORMULAS

If the company purchases the machine, its cost of $276,000 will be financed with a loan at 14.8% interest for three years requiring equal annual payments including principal and interest. The machine will be depreciated at 20% per year. The company will pay $8,000 per year for maintenance services. The company plans to keep the machine even after its payback period.What is the amount of the annual payment?




A) $120,480.90




B) $85,442.71




C) $276,000.00




D) $361,442.71



(Choose one option)



Jun 10, 2022
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