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Six Company sells an asset with a $1 million fair value to A Company. A Company agrees to make six equal payments, each to be
Six Company sells an asset with a $1 million fair value to A Company. A Company agrees to make six equal payments, each to be paid one year apart, commencing on the date of sale. The payments include principal and 6% annual interest. What is the amount of the annual payments? Show steps on how to get answer, not just the answer. The question that's already posted does not have the correct answer.
a. $135,252
b. $166,651
c. $203,351
d. $191,852
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