Four discount points will increase a lender's effective yield by approximately

On January 1, 20A, Goldstein Company purchased a machine. The seller agreed that a total of $9,000 would be paid over a three-year period--$3,000 per year at the end of 20A, 20B, and 20C. At the time the machine was purchased, the market rate of interest was 10%. The amount that should be debited to the asset account, Machinery, on the date of purchase is (round to the nearest dollar)

A. $9,000. B. $9,948. C. $7,461. D. $9,016.

Which of the following is (are) true?

A) r2 = explained variation / total variation B) r2 = SSx / SSy C) r2 = (total variation - error variation) / total variation D) r2 = (SSy - SSerror) / SSy E) All of the above are true.