Business, 03.05.2021 14:50, morganwendel126

Swifty Corporation financed the purchase of a machine by making payments of $20500 at the end of each of five years. The appropriate rate of interest was 12%. The future value of one for five periods at 12% is 1.76234. The future value of an ordinary annuity for five periods at 12% is 6.35285. The present value of an ordinary annuity for five periods at 12% is 3.60478. What was the cost of the machine to Swifty

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Swifty Corporation financed the purchase of a machine by making payments of $20500 at the end of eac...