Green Industries purchased a machine from Cyan Corporation on October 1,2024 . In payment for...
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Green Industries purchased a machine from Cyan Corporation on October 1,2024 . In payment for the $148,000 purchase, Green issued a one-year installment note to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 18%. Monthly installment payments are closest to: Present and future values of $1 at 3% are presented below: Today, $160,000 is deposited in an investment account paying 3% interest compounding quarterly. How much will accumulate in the investment account at the end of three years
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Green Industries purchased a machine from Cyan Corporation on October 1,2024 . In payment for the $148,000 purchase, Green issued a one-year installment note to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 18%. Monthly installment payments are closest to: Present and future values of $1 at 3% are presented below: Today, $160,000 is deposited in an investment account paying 3% interest compounding quarterly. How much will accumulate in the investment account at the end of three years 