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Business, 08.03.2021 19:40 gatchatuberfantasy

Green Industries purchased a machine from Cyan Corporation on October 1, 2021. In payment for the $146,000 purchase, Green issued a one-year installment note to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 18%. Monthly installment payments are closest to: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) a. $13,385.
b. $13,385
c. $26,280.
d. $14,497.
e. $12,167.

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