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Category > Business & Finance Posted 28 May 2017 My Price 12.00

1-2. On April 1, Year 1,

1-2. On April 1, Year 1, PPI purchased a forklift by paying $5,000 down and $5,000 at the beginning of each of the next 19 calendar quarters. What was the cost of the forklift for financial accounting purposes if the rate of interest agreed upon was 16% compounded quarterly?

 
 
 

 

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Homework Helper
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Status NEW Posted 28 May 2017 08:05 AM My Price 12.00

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