Business, 22.09.2020 18:01 victordguerrero2535
Concord Corporation financed the purchase of a machine by making payments of $28000 at the end of each of five years. The appropriate rate of interest was 8%. The future value of one for five periods at 8% is 1.46933. The future value of an ordinary annuity for five periods at 8% is 5.86660. The present value of an ordinary annuity for five periods at 8% is 3.99271. What was the cost of the machine to Concord
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