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In calculating a payment on a new capital item (hay bailer) that cost $45,000 in borrowed funds at 6% for 5 years, the yearly payment
In calculating a payment on a new capital item (hay bailer) that cost $45,000 in borrowed funds at 6% for 5 years, the yearly payment is _____________________________. using a loan amortization schedule.
a. $10,682
b. $11,500
c. $4,500
d. $6,400
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Introductory Accounting Finance And Auditing For Lawyers
Authors: Lawrence Cunningham
7th Edition
1634604105, 9781634604109
