Question: A printer manufacturer charges $1048 for a high-speed printer. A firm of tax accountants buys 8 of these machines. They make a down payment of

A printer manufacturer charges $1048 for a high-speed printer. A firm of tax accountants buys 8 of these machines. They make a down payment of $1200 and agree to amortize the balance with monthly payments at 10.5% compounded monthly for 4 years. Prepare an amortization schedule showing the first six payments.

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