A the chicago hope hospital purchased a mri machine for 2, Ask an Expert

Finance

a. The Chicago hope hospital purchased a MRI machine for 2 million dollars, using a 5 year loan at 10% interest. What will be the annual payment for the machine?

b. The price of the MRI machine (2mil) is rising at a fixed rate of 5% each year, How much would it cost to replace the MRI machine five years from now?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92874119

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