Slim Chickens needs a new fryer for its uber delicious honey bbq wings. Steven Spielberg was hired as the assistant manager in charge of making the purchase. TOPKITCH commercial fryer was on sale. Steven would have to make quarterly payments of $5,600 for 5 years and the loan is 8.4% with quarterly compounding. What is the price of the fryer?

Answer rating: 100% (QA)

To calculate the price of the fryer we can use the formula ... View the full answer