Question: CALCULATOR PRINTER VERSIO Exercise 6-11 Flounder Excavating Inc. is purchasing a bulldozer. The equipment has a price of $108,100. The manufacturer has offered a payment

 CALCULATOR PRINTER VERSIO Exercise 6-11 Flounder Excavating Inc. is purchasing a
bulldozer. The equipment has a price of $108,100. The manufacturer has offered

CALCULATOR PRINTER VERSIO Exercise 6-11 Flounder Excavating Inc. is purchasing a bulldozer. The equipment has a price of $108,100. The manufacturer has offered a payment plan that would als make 10 equal annual payments of $17,592.78, with the first payment due one year after the purchase. Your answer is correct. How much total interest will Flounder pay on this payment plan? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o du e.g. 458,581.) Total interest 67827.80 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Your answer is partially correct. Try again. Floundercould borrow $108,100 from its bank to finance the purchase at an annual rate of 9%. Click here to view factor tables Should Flounder borrow from the bank or use the manufacturer's payment plan to pay for the equipment? (Round factor values to 5 decimal places, and final answer to O decimal places, e.g. 796.) Search SHOW ANSWLR LINK TO TEXT s by Study Your answer is partially correct. Try again. Floundercould borrow $108,100 from its bank to finance the purchase at an annual rate of 9%. Click here to view factor tables Should Flounder borrow from the bank or use the manufacturer's payment plan to pay for the equipment? (Round factor values to 5 decir and final answer to o decimal places, e.g. 79.) Manufacturer's rate 3.86 % Borrow from the Bank Click if you would like to show Work for this question: Open Show Work stion Animo sed 35% 9 De here to search

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