Homework Answers
Answer : D) 350,000
Cost of Equipment = Downpayment + PVA of Quartly payment
= 55,000+ 22,095* PVA at 2% for 16 Periods = 50,000+22095*13.577709 =350,000 (Answer)
For PVA
r= 8%/4 = 2%
n= 4*4= 16
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