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the rainbird company purchased a machine for $5,000 down and promised to pay $300 per month at the end of each of the next 36 months. how would the cash price of the machine be calculated, assuming the
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40 votes
40 votes
the rainbird company purchased a machine for $5,000 down and promised to pay $300 per month at the end of each of the next 36 months. how would the cash price of the machine be calculated, assuming the annual interest rate is given?

User Dwza
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1 Answer

12 votes
12 votes

Answer:

113,000 cuz 300 times 36 is 108 plus 5k is 113 k

User Jsonbourne
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