Teed's Contracting Company bought a new excavator on January 1, 2013.The company paid $10,000 down and signed a note receivable for the balance.The note required four annual cash payments of $18,000; the market interest rate is 8 percent
Required:

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The Answer of Teed's Contracting Company bought a new excavator on January 1, 2013.The company paid $10,000 down and signed a note receivable for the balance.The note required four annual cash payments of $18,000; the market interest rate is 8 percent
Required:

Teed's Contracting Company Bought a New Excavator on January 1