Your firm intends to finance the purchase of a new construction crane.The cost is $2,500,000.What is the size of the annual ordinary annuity payment if the loan is amortized over a ten-year period at a rate of 7.50%?
A)$228,611.56
B)$364,214.82
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 $2,500,000.What is the size of the annual ordinary annuity payment if the loan is amortized over a ten-year period at a rate of 7.50%?
A)$228,611.56
B)$364,214.82
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