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Huck Corporation is looking to purchase a truck costing $49,000 by agreeing to make payments every three months for the next two years. The first
Huck Corporation is looking to purchase a truck costing $49,000 by agreeing to make payments every three months for the next two years. The first payment is due three months after the purchase date. Huck's incremental borrowing rate is 8%. Each of the payments is closest to:
(4pts)
$6,248. | |
$6,689. | |
$8,527. | |
$5,709. |
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