The Chicago Hope Hospital purchased an MRI machine for 12 million dollars, using a 6-year loan at
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The Chicago Hope Hospital purchased an MRI machine for 12 million dollars, using a 6-year loan at 8% interest rate.
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Question: If the above MRI machine comes with a service charge for an additional amount of $20,000 each year for these 6 years. What is the present value for the total amount of the MRI machine they paid (use 7% as the discount rate)? (Just number, no other signs such as "$" or ",", round toan integer, no decimal point)
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