P6-17 (similar to) Question Help 0 Related to Checkpoint 6.1) (Loan amortization On December 31, Beth Klenkosky bought a yacht for $50.000. She paid $14,000 down and agreed to pay the balance in Sequal annual installments that include both the principal and 12 percent interest on the declining balance. How big will the annual payments be? On December 31, Beth embosky bought a yacht for $50,000 and paid $14.000 down, how much does the need to how to purchase the yacht? (Round to the nearest dollar)