Welland Fabricating borrowed $73,400 at 8% compounded quarterly to purchase a new piece of machinery. Payments of
Fantastic news! We've Found the answer you've been seeking!
Question:
Welland Fabricating borrowed $73,400 at 8% compounded quarterly to purchase a new piece of machinery. Payments of $5000 are made at the end of every 3 months How much is the final loan payment? (Do not round your intermediate calculations. Round your final answer to 2 decimal places.).
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
Posted Date: