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Its not some other answer Kylie, Inc. is buying a camel. The original cost on January 1,2018 was $10,000. Kylie put $1,500 down and is
Its not some other answer
Kylie, Inc. is buying a camel. The original cost on January 1,2018 was $10,000. Kylie put $1,500 down and is making annual payments on December 31 st of $1,838.68 which include interest at 8%. If Kylie is properly amortizing this purchase, the interest expense for 20X8 (first year) is $1,351.48$587.31$680.00$487.20 Some other number QUESTION 2 Still on Kylie- Assuming Kylie is amortizing the loan correctly, the Principal Balance at the end of 209 (end of the second year) would have been $7,341.32$6,089.95$4,738.47$4,822.64 Some other number Eric wants to buy a new Mercedes. The cost is $80,000. Eric will put $20,000 down and pay the rest in equal monthly payments over five years which will begin in one month and which include interest at 10%. How much are the monthly payments? $1,000.00$1,274.82$1,008.33$6,019.77 Some other number QUESTION 4 How much does Bella need to put in the bank today if she wants to withdraw $20,000 per year for each of the next five years? She will put the money in a bank which pays 8% annually. She will make her first withdrawal exactly one year from today. $98,120.14$79,854.20$100,000.00$83,698.31 Some other numberStep by Step Solution
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