Question: Q 6-8 Please help me with these multiple choice questions !! 6.46 of 40 On January 1, 20X1, Roos Company acquired a truck that had
6.46 of 40 On January 1, 20X1, Roos Company acquired a truck that had a purchase price of $20,000 The seller agreed to allow Ross to pay for the truck over a two-year period at 10% interest with equal payments due at the end of 20X1 and 20X2 What is the amount of each annual payment the company must make (round to the nearest dollar)? Select one O a. 522.267 Ob 511,524 O c. $14,151 Od: $17,751 Notes Unsure of 40 On January 1, 20X3, Carter Ltd issued a 15-year, 5600,000 note payable, with annual fored principal payments of $40,000, plus 5% interest The cash payment for the first year is Select one O a $40.000 1.570,000 O c $42.000 d. $30,000 Unsure Notes 12 8 of de Assume that you borrow $10,000 at an annual interest rate of 6% Your loan agreement calls for monthly payments of $200, which include both interest and principal Your first payment is made one month after you received the loan The amount of interest and principal applied to your first installment would be Select one a. Interest of $150 and principal of $50 b. Interest of $60 and principal of $150 c. Interest of 5140 and principal of $60 d. Interest of $50 and principal of $150
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