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QUESTION 2 You are buying and automobile that costs $30,000. You are paying $10,000 immediately and the remaining $20,000 in four annual end-of- year principal
QUESTION 2 You are buying and automobile that costs $30,000. You are paying $10,000 immediately and the remaining $20,000 in four annual end-of- year principal payments of $5000 each. In addition to the $5000, you must pay 7.8% interest on the unpaid balance of the loan each year. Prepare a cash flow table to represent your cash outlay per year
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