Business, 24.06.2019 15:30 estefaniapenalo

Exercise 6-11 (part level submission) pronghorn excavating inc. is purchasing a bulldozer. the equipment has a price of $92,800. the manufacturer has offered a payment plan that would allow pronghorn to make 6 equal annual payments of $20,074.07, with the first payment due one year after the purchase. collapse question part (a) correct answer. your answer is correct. how much total interest will pronghorn pay on this payment plan? (round factor values to 5 decimal places, e. g. 1.25124 and final answer to 0 decimal places, e. g. 458,581.) total interest $entry field with correct answer 27644 click if you would like to show work for this question: open show work link to text attempts: 2 of 3 used collapse question part (b) incorrect answer. your answer is incorrect. try again. pronghorn could borrow $92,800 from its bank to finance the purchase at an annual rate of 7%. click here to view factor tables should pronghorn borrow from the bank or use the manufacturer’s payment plan to pay for the equipment? (round answer to 0 decimal places, e. g. 7%.) manufacturer's rate entry field with incorrect answer 6 % entry field with incorrect answer click if you would like to show work for this question: open show work

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Exercise 6-11 (part level submission) pronghorn excavating inc. is purchasing a bulldozer. the equip...

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