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Progressive Printing, Inc. needs a new high-speed printer to replace their existing out-of-date unit. They decided to buy a used IntegraColor KBA UV 81-Inch Press, a very high-end lithograph machine. Here is what it looks like: A reputable dealer will sell it to them for $16.5 M. He offers you two choices: 1) You can pay the $16.5 M in cash, now, OR 2) You can make a $3.3 M down payment now, and pay $300 K each month for four years. Questions: A. At what monthly bank interest rate would the two choices be equivalent? B. What is the nominal annual rate?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91675713

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