Homework: 6-1 MyFinanceLab Assignment Save Score: 0 of 4 pts B of 12 (0 completel HW Score: 0%, 0 of 50 pts P6-17 (similar to) Question Help (Related to Checkpoint 6.1) (Loan amortization) On December 31, Beth Kleinkosky bought a yacht far $120,000. She paid $12,000 down and agreed to pay the balance in 11 equal annual installments that include both the principal and 11 percent interest on the declining balance. How big wil the annual payments be? a. On December 31, Beth Klemkosky bought a yacht for $120.000 and paid $12,000 down, how much does she need to borrow to purchase the yacht? s(Round to the nearest dollar) Enter your answer in the answer box and then click Check Answer. part 1 remaining Clear All Check