Business, 04.04.2020 01:56 elizabethhubbe
Purchased a $180,000 machine on January 1 of this year for $36,000 cash. A five-year note is signed for the balance. The note will be paid in five equal year-end payments starting on December 31 of this year. (Use a 7% annual interest rate.)
What is the amount of each of the equal annual payments that will be paid on the note?
Answers: 3
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Purchased a $180,000 machine on January 1 of this year for $36,000 cash. A five-year note is signed...
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