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Please show all calculations for the solutions. Problem 6-14 You want to buy a motorcycle from JD. The cost is $20,000, $2,000 down and the
Please show all calculations for the solutions.
Problem 6-14 You want to buy a motorcycle from JD. The cost is $20,000, $2,000 down and the rest in three equal annual payment beginning one year from today. Interest is included in the payments at 10%. How much are the payments? Amortize the loan. Problem 6-15 You want to buy a bus. Cost is $180,000 with 10% down and the rest in 5 equal annual payments which include interest at 6%. The payments begin in one year. How much are the payments? Amortize the loan Step by Step Solution
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