Question: Task 5. 8 points max Zelda Company financed the purchase of a machine by making payments of $18,000 at the end of each of five

Task 5. 8 points max

Zelda Company financed the purchase of a machine by making payments of $18,000 at the end of each

of five years. The appropriate rate of interest was 8%.

Answer the following question and show your computations!

In order to make a journal entry, please calculate the cost of the machine to company.

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