On April 1, Year 1, a new customer purchased a piece of equipment from Thomas Tech Center by paying 55,000 down and $9.000 at the end of each of the next 64 calendar quarters. What is the purchase price of the machinery if the rate of interest agreed upon was an annual rate of 8% compounded quarterly? cable Which of the following financial statement items is impacted in this transaction? The problem is solving for Present you The calculation involves dira Amount Keystroke Step 2 Step 2 Step 3000 Step Answer Date of Delivery Debit un om Accounts Credit Record the down payment 296 Step 1 N 64 Step 2 PM Step 3 9000
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