Model b requires the following payment schedule which

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Model B requires the following payment schedule. Which model should you buy assuming 12% rate?YearPayment (Model 2)1$10,00029,00038,00045,00053,000
Question 3Prepare the journal entries for the following transactions for Dundar Mifflin:1.Dundar Mifflin purchased 1,200 shares of the total of 100,000 outstanding shares of Steve & Company stock for $20.75 per share plus a $70 commission.2.Steve & Company total earnings for the period are $84,000.3.Steve & Company paid a total of $40,000 in cash dividends to shareholders of record.
Unit 8Investments in Steve & Company$1008Income on investment$1008Cash$480Investment in Steve &Company$480Question 4To expand its operation in Ontario, Dundar Mifflin has applied for a $3,500,000 loan from the TD Bank. According to Dundar Mifflin financial analyst, the company can only afford a maximum yearly loan payment of $1,000,000. The bank has offered Dundar Mifflin the following:Option 1: 3 year loan with an 8 percent interest rate

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