The Cicero purchased supplies for $21,800 and agreed to pay for it by making six annual installments
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Question:
The Cicero purchased supplies for $21,800 and agreed to pay for it by making six annual installments beginning one year from today. The installment payments include interest at 6%. What is the required annual installment payment?
$4,433.31
$4,182.36
$4,366.37
$5,055.51
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: