4.- 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...


4.-
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 total amount paid?




A) $236,337.96




B) $304,972.67




C) None of the above




D) $361,442.71



(Choose one option)



Jun 10, 2022
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