Unformatted text preview: one month from now? Assume 30 days per month. 5. The Adams County (Wisconsin) Road Commission purchased a $340,000 Bomag MPH454R asphalt pavement recycler. A local bank is offering a low interest rate of 5% compounded daily to purchase the machine. If the municipality pays back the principal plus interest in one lump sum at the end of 4 years , what is the total interest to be paid? 6. If another bank offers the Adams County Road Commission a rate of 5.10% compounded semiannually, should the municipality go with the new offer, instead?...
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 Fall '08
 Moore,L
 Annual Percentage Rate, Debt, Interest, Credit card, Adams County Road Commission

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