A construction company purchased a truck for $45,000 at an interest rate of 4%. The payment was
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- A construction company purchased a truck for $45,000 at an interest rate of 4%. The payment was distributed over a period of 6 years. (a) Calculate how much the company will pay per year for 6 years. (b) If the truck sells for $8,500 at the end of 6 years, how much did the truck cost the company per year?
Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
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