Question

Antoine Equipment Corporation sold a precision tool machine with computer controls to Roma Corporation for $400,000 on January 2 and agreed to take payment nine months later on October 2. Assuming that the prevailing annual interest rate for such a transaction is 16 percent compounded quarterly, what is the actual sale (purchase) price of the machine tool?



$1.99
Sales0
Views42
Comments0
  • CreatedSeptember 10, 2014
  • Files Included
Post your question
5000