On december 31 beth klemkosky bought a yacht for 100000 she, Ask an Expert

Finance

On December 31, Beth Klemkosky bought a yacht for $100,000. She paid $10,000 down and agreed to pay the balance in 14 equal annual installments that include both the principal and 7 percent interest on the declining balance. How big will the annual payments be?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92758212

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