A tractor was purchased for $74486 and at the bank interest rate of 4.67% per year. The residual value of the tractor was 4.67% of the purchase value at the end of useful life of 10 years. Calculate the interest cost of the tractor $ 2416
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- The total maintenance expense of a certain machine is 15,845 and can be disbursed by paying 3,458 at the end of 4 years and increases by an amount of "x" every year thereafter for 4 years. The interest rate is 9.665% compounded annually. What is the equaivalent annual maintenance cost?A property was purchased for $3976.00 down and payments of $1249.00 at the end of every six months for 6 years. Interest is 8% per annum compounded monthly. What was the purchase price of the property? How much is the cost of financing? The purchase price of the property was $ $☐ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A property was purchased for $5321.00 down and payments of $926.00 at the end of every six months for 4 years. Interest is 3% per annum compounded monthly. What was the purchase price of the property? How much is the cost of financing? The purchase price of the property was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The cost of financing is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
- A property was purchased for $7876.00 down and payments of $983.00 at the end of every month for 6 years. Interest is 12% per annum compounded semi-annually What was the purchase price of the property? How much is the cost of financing? GOOD The purchase price of the property was s (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.) 4A property was purchased for $7260.00 down and payments of $1322.00 at the end of every three months for 4 years. Interest is 3% per annum compounded monthly. What was the purchase price of the property? How much is the cost of financing? The purchase price of the property was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The cost of financing is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A general purpose truck is purchased for business. Its cost Basis is 70,000. It will last 10 years and be sold for 10,000. i = 6% for the loan with monthly payments. What is the depreciation allowance for the third year using MACRS? O 19466 O 894 21774 O 26971 O 13440
- A vacation property was bought by making semi-annual payments of S7500.00 for seven years. If the first payment is due on the date of purchase and interest is 6% p.a. compounded quarterly, calculate the purchase price of the property.不 A property was purchased for $9198.00 down and payments of 5000 00 at the end of every three months for 4 years interest is 11% per annum compounded semi-annualy What was the purchase price of th property? How much is the cost of financing? The purchase price of the property was s (Round the final answer to the nearest cent as needed. Round al intermediate values to six decimal places as needed)A machinery worth BD20,000 has a lifetime of10 years and a salvage value of Rs. 1500. Calculate the accumulated depreciation and book value at the end 10th year by if annual interest rate is 9% using Sinking fund method, Service output method. Show the calculation in a table for all уears.