On december 31 beth klemkosky bought a yacht for 80000 she, Ask an Expert

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On December? 31, Beth Klemkosky bought a yacht for ?$80,000. She paid ?$16,000 down and agreed to pay the balance in 7 equal annual installments that include both the principal and 6 percent interest on the declining balance. How big will the annual payments? be?

a. On December? 31, Beth Klemkosky bought a yacht for ?$80,000 and paid ?$16 ,000 ?down, how much does she need to borrow to purchase the? yacht?

?$_______?(Round to the nearest? dollar.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92810745

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