11 your company was fined by a regulatory agency the agency has given your company t 4352154

11.Your company was fined by a regulatory agency. The agency has given your company two methods of paying its debt. It can either make a payment today of $450,000, or it can make periodic (annual) payments of $60,000 at the end of each period for 10 periods. Which option would you suggest your company select, assuming an interest rate of 7%? (Show your work.)

12.Synergistic Corporation has purchased new equipment on a long-term payment plan. The contract calls for Synergistic to pay $30,000 at the end of each year for 7 years, at an interest rate of 6%. At what amount should Synergistic record this equipment and what total amount of interest will it pay over the 7 years?

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