Purchased a loader, A construction company purchased a

Purchased a loader

Reference no: EM13697418

A construction company purchased a loader new 4 years ago for $645,344. They put 10% down at the time of purchase and financed the rest at a 6% APR. They made monthly payments on the balance of the loan for 4 years. They have buyer for 4 year old loader who will pay $150,268. They know that the loader improved their productivity by $146,325 per year. What did it cost the company to own the loader at the end of the 4 year period?

Reference no: EM13697418

Questions Cloud

Who has to make a decision to raise additional capital : Who has to make a decision to raise additional capital

Survey equipment is very expensive and become obsoletes : Survey equipment is very expensive and become obsoletes and needs to be replaced every 5 years. Consider a new GPS system consisting of a base station ($18,968 today's cost), a rover ($7665 today's cost), and software ($3833 today's cost).

What is the present worth value of the pump : A pump cost $29,238 when it was purchased. The cost to operate the pump were $500 the first year and increased $50 per year for each of the next 10 years of the life of the pump. The pump has a salvage value of $5675 today, at the end of its 10 year ..

What is the net present worth of the scaper-hauler : If a scaper-hauler that was purchased 8 years ago is sold today for $25,355, the payments for the piece of equipment were $38,355.67 per month, the owner derived an annual benefit of $475,000 for each of the 8 years of ownership, and the interest rat..

Purchased a loader : A construction company purchased a loader new 4 years ago for $645,344. They put 10% down at the time of purchase and financed the rest at a 6% APR. They made monthly payments on the balance of the loan for 4 years.

What is the annual cost of ownership : What is the annual cost of ownership of 4 scaper haulers, 3 bulldozers, and 2 motor graders if the annual interest rate is 3.5% Purchase price scaper hauler $2,145,669 Purchase price bulldozer $1,234,756 Purchase price motor grader $986,758 The contr..

Guillermo can retire as multi-millionaire how many years : Guillermo wants to have $2,000,000 in net worth when he retires. Â To achieve this goal, he plans to invest $10,000 each year (starting one year from now) into a account that earns 10% interest compounded annually. Â The amount of time before, Guille..

Prepare an annual cash flow table for the annual cost : A water distribution company wants to purchase a new pump. The purchase price of the pump is $278,993. The company will put 12.5% down on the pump at the time of purchase and finance the payment of the remaining balance with a 5 year loan having an A..

Definition of a white knight : In the U.S., government programs frequently do all of the following except: The best definition of a “white knight” is: A firm is more likely to be a takeover target:

User Account

All Pages