What is the current book value of the machine

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1. Hunan bought a car priced at $15,500 for 15% down and equal monthly payments for five years. If interest is 6 % compounded monthly, what is the size of the monthly payment? The monthly payment is $_____.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as? needed.)

2. Three years ago, Blamble Enterprises purchased a machine at a cost of $89,000. The machine could be sold today for $74,000. The depreciation to date is $38,200. What is the current book value of the machine?

Reference no: EM132007432

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