On june 1 2006 walsh company sold some equipment to fischer, Ask an Expert

Accounting

On June 1, 2006, Walsh Company sold some equipment to Fischer Company. The two companies entered into an installment sales contract at a rate of 8%. The contract required 8 equal annual payments with the first payment due on June 1, 2006. What type of compound interest table is appropriate for this situation?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M991604

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