Mathematics, 14.02.2021 02:30, Delgadojacky0206

To pay for the trailer, the company took out a loan that requires Amazon Rafting to pay the bank a special payment of $8,700 in 5 years and also pay the bank regular payments of $4,100 each year forever. The interėst rate on the loan is 14.3 percent per year and the first $4,100 yearly payment will be paid in one year from today. What was the price of the trailer?

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To pay for the trailer, the company took out a loan that requires Amazon Rafting to pay the bank a s...