Use X% = 6 Mr. Jones bought a building for $60,000, payable on the following terms: a $10,000 down payment and 25 equal annual installment payments to include principal and interest of X% per annum. How much of the first year's payment goes toward reducing the principal amount? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI US Paragraph Arial 10pt A Ix = e EXE S A +A A+ +88 X X & G {} 57 Ky > !!!! R X $1 O HV A 88