Business
Business, 11.10.2019 03:00, vero5047

Acompany buys a machine for $12,000, which it agrees to pay for in five equal annual payments, beginning 1 year after the date of purchase, at an annual interest rate of 4%. immediately after the second payment, the terms of the agreement changed to allow the balance due to be paid off in a single payment the next year. what is the final single payment (at the end of 3rd year)?

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Answers: 3

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Acompany buys a machine for $12,000, which it agrees to pay for in five equal annual payments, begin...

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