Suppose That Instead of Leasing the Bulldozer,the Company Is Considering

question 12

Multiple Choice

Suppose that instead of leasing the bulldozer,the company is considering purchasing a bulldozer outright by borrowing the purchase price using a four-year annuity loan.The monthly loan payments for a four-year loan to purchase the Bulldozer are closest to:

• A)$2,115
• B)$1,825
• C)$1,870
• D)$1,750
• E)$1,945

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