Question: I need the steps.Thx (PROBLEM #4 - 24 marks) Your company has a $800,000. loan for a new plasma soldering machine. The interest rate for

(PROBLEM #4 - 24 marks) Your company has a $800,000. loan for a new plasma soldering machine. The interest rate for this loan is 5% per year and your company's initial plan is to pay for the loan in exactly 15 years. Annual payment is made at the end of each year. ( ) What is the Annual Payment your company has to pay at the end of each year? (A) 53,333 (B) 55,999 (C) 77,072 (D) 81,667 (E) 37,072 Based on the initial annual payment calculated above, your company has now decides that it can afford to pay $100,000 per year, which is more than the initial annual payment. ( ) By paying $100,000 annually, after how many payments (years) will the loan of $800,000. be paid off? Assuming the same interest rate is used, i.e.5% annually. (A) 14 years (B) 13 years (C) 12 years (D) 11 years (E) 10 years c ) By paying $100,000 annually, how much is the last annual payment. (A) $100,000 (B) $47,599 (C) $50,010 (D) $96,556 (E) $16,537 ( )By paying $100,000 annually, how much is the last annual payment. (A) $100,000 (B) $47,599 (C) $50,010 (D) $96,556 (E) $16,537 According to the loan, this plasma soldering machine's present worth is $800,000. ) For accounting purpose, we use the declining-balance depreciation (DBD) model with d=20%, what is the depreciation charge in the 4th year? (A) $32.805. (B) $102,400. (C) $81,920. (D) None of the above
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