Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Land Enterprises has purchased new equipment on a long term payment plan

Land Enterprises has purchased new equipment on a long term payment plan

Land Enterprises has purchased new equipment on a long-term payment plan. The contract calls for Land to pay $50,000 at the end of each year for 6 years, at an interest rate of 8%. At what amount should Land record this equipment and what total amount of interest will it pay over the 6 years?

May 01 2018 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions