Question: If a long-term notes payable for $45,000 is signed, with an interest rate of 5%, to be paid in equal annual payments over 6 years,

If a long-term notes payable for $45,000 is signed, with an

If a long-term notes payable for $45,000 is signed, with an interest rate of 5%, to be paid in equal annual payments over 6 years, what is the payment? $8,865.79$10,682.84$7,500$7,875

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