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Question 1) On January 20Y1, Lala company purchased a truck that had a acquired price of 20,000$. The seller agreed to allow Lala to pay
Question 1) On January 20Y1, Lala company purchased a truck that had a acquired price of 20,000$. The seller agreed to allow Lala to pay for the truck over a two-year period at 10% interest with equal payments due at the end of 20Y1 and 20Y2. What is the amount of each annual payment the company must make?
a) 11524
b) 22267
c) 17751
d) 14151
e) none of the above
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