A manager at a mold and die company software design firm is purchasing a new communication system.
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Question:
A manager at a mold and die company software design firm is purchasing a new communication system. If the company makes payments of $15,000.00 per year for fouryears, what amount will the company have paid for the system by year four if the interest rate is 7%? Solve this problem using formulas.
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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