Gert communication inc purchased new equipment for, Ask an Expert

Economics

Gert communication, inc. purchased new equipment for $200000.gert communication, inc. paid $50000 for the equipment in cash and took financing for 3 years at 15% annual interest. Gert communication, inc. will pay off the financing in three equal installments by the end of each year. What amount Gert communication, inc. should pay in every installment for the equipment? What is the total amount Gert communication, inc. will pay for the equipment? Please ignore taxes and other additional charges.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91723598

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