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  3. purchased a $174,500 machine on january 1 of this

Purchased a $174,500 machine on January 1 of this year for $34,900 cash. A five-year...

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Accounting

  1. Purchased a $174,500 machine on January 1 of this year for $34,900 cash. A five-year note is signed for the balance. The note will be paid in five equal year-end payments starting on December 31 of this year.

What is the amount of each payment?

Please use a financial calculator to solve (N, I/YR, PV, PMT, FV)

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