Your firm intends to finance the purchase of a new construction crane.The cost is $1,500,000.How large is the payment at the end of year ten if the crane is financed at a rate of 8.50% as a discount loan?
A)$228,611.56
B)$127,500.00
C)$3,391,475.16
D)There is not enough information to answer this question.

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The Answer of Your firm intends to finance the purchase of a new construction crane.The cost is $1,500,000.How large is the payment at the end of year ten if the crane is financed at a rate of 8.50% as a discount loan?
A)$228,611.56
B)$127,500.00
C)$3,391,475.16
D)There is not enough information to answer this question.

Your Firm Intends to Finance the Purchase of a New