Question
Mako signs an agreement to buy a boat that requires payment (principal and interest) of $5106 at the end of each year for 3 years.
Mako signs an agreement to buy a boat that requires payment (principal and interest) of $5106 at the end of each year for 3 years. The boat dealer used 10% as the interest rate to determine the payments. What should Mako consider to be the purchase price of the boat? (Round your answer to the nearest dollar)
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Business Security Audit And Review Toolkit The Modern Toolkit For Security And Risk Professionals To Grow Their Business And For The Business Owners.
Authors: L Burke Files, Gamal Newry, Ibrahim Yeku
1st Edition
1674831315, 978-1674831312
