New meat-grinding machine

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Reference no: EM131806728

Geake Sausage Company has just purchased a new meat-grinding machine. The machine's purchase price was $22,500. Geake made a 20% down payment and agreed to make nine monthly principal payments of $2000 each. Geake also agreed to pay 1% interest on the unpaid principal each month. Prepare a cash flow diagram.

Reference no: EM131806728

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