Computation of Annual Payments Bates Gas NGoodies has decided to replace its existing car wash with a
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Computation of Annual Payments Bates Gas N’Goodies has decided to replace its existing car wash with a new brushless unit at a cost of $86,000. Bates wishes to make payments at the end of each year for the next 12 years and agrees to pay annual interest of 12 percent. What amount must Bates Gas N’Goodies pay each year?
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Related Book For 
Financial Accounting A Decision Making Approach
ISBN: 9780471328230
2nd Edition
Authors: Thomas E. King, Valdean C. Lembke, John H. Smith
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