Bangin Inc

question 15

Multiple Choice

Bangin Inc.financed the purchase of a machine by making ten annual payments of $13,000 with the first payment due today.The purchase cost of the machine is considered to be the present value of those payments.What was the purchase cost of the machine to Bangin assuming a discount rate of 9%?

• A)$59,633
• B)$75,467
• C)$83,429
• D)$90,938

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Individuals or businesses that sell goods or services to another entity, typically within a business-to-business context.

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