Question

* Your answer is incorrect. Try again. Pina Corporation purchased a special tractor on December 31, 2020. The purchase agreement stipulated that Pina should pay $21,610 at the time of purchase and $4,790 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2020, at what amount, assuming an appropriate interest rate of 12%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) Cost of tractor to be recorded X] your answer is incorrect. Try again. Pina Corporation wants to withdraw $ 111,440 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Required initial investment 758370 Click if you would like to show Work for this question: Open Show Work