Question: Rewash Inc., would like to purchase a machine at a cost of $175,000 with a life of 6 years. Their bank is ready to finance

Rewash Inc., would like to purchase a machine at a cost of $175,000 with a life of 6 years. Their bank is ready to finance 90% of the machine at a rate of 6% per year compounded weekly if Rewash agrees to a payment of $1,300 per month and the remaining as a balloon payment at the end of the machine life. What is the balloon that Rewash Inc., will have to pay? A. $69,890 B. $90,040 C. $113,328 D. $140,063

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4. Explain the strengths and weaknesses of each approach.

d. Describe any challenges in trying to communicate. If there were no challenges, explain why you think it was so easy.

3. Identify the methods used within each of the three approaches.