Business, 18.12.2019 00:31 levilugar

Jenks company financed the purchase of a machine by making payments of $10, 000 at the end of each of 5 years. the appropriate rate of interest was 8%. the future value of 1 for 5 periods at 8% is 1.46933. the future value of an ordinary annuity for 5 periods at 8% is 5.8666. the present value of an ordinary annuity for 5 periods at 8% is 3.99271. what was the cost of the machine to jenks? a) $14, 794. b) $39, 927. c) $50, 000. d) $58, 667.

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