Anne Lee and her sister operate in office services company that carries to local small businesses recently they got an opportunity to buy a used new speed copy machine for $8500 which they considered an excellent price to make the purchase quickly they agreed to pay a $1000 now and buy a $7500 from my seller for 60 days and 9.5% simple interest what is the total amount that they will need to repay the seller at the end of the 60 days?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Anne Lee and her sister operate in office services company that carries to local small businesses recently they got an opportunity to buy a used new speed copy machine for $8500 which they considered an excellent price to make the purchase quickly they agreed to pay a $1000 now and buy a $7500 from my seller for 60 days and 9.5% simple interest what is the total amount that they will need to repay the seller at the end of the 60 days?

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