Question: Show work *54. Jonas Co. bought a machine by making a down payment of $25,000 and payments of $18,000 at the end of each of

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*54. Jonas Co. bought a machine by making a down payment of $25,000 and payments of $18,000 at the end of each of 20 years. The appropriate rate of interest was 8%. What was the cost of the machine to Jonas Co.? $102,400 b. $176,727 C. $215,865 d. $201,727

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