Problem 9-9 You want to buy a motorcycle from JD. The cost is $18,000, $2,000 down and the rest in three equal annual payments beginning one year from today. Interest is included in the payments at 10%. How much are the payments? Amortize the loan. Record the Journal Entries. Problem 9-10 You want to buy a bus. Cost is $180,000 with 10% down and the rest in 7 equal annual payments which include interest at 6%. The payments begin in one year. How much are the payments? Amortize the loan. Record the Journal Entries.