What is the purchase price of the equipment

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Reference no: EM131972646

1. Daisy's firm owns your firm $42,800. This amount is delinquent so you have offered to arrange a payment plan in the hope that you might at least collect a portion, if not all,of this money. Your offer will consist of weekly payments for 2 years at an interest rate of 4%, what is the amount of each payment?

2. The Macy Co. is considering the purchase of some new equipment. The quote consists of a quarterly payment of $4,740 for 10 years at 7.5% interest. What is the purchase price of the equipment?

Reference no: EM131972646

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