Question: Red Maple, Inc. acquired an additional business unit for $360,000. The seller agreed to accept annual payments of $50,000 at an annual interest rate of

Red Maple, Inc. acquired an additional business unit for $360,000. The seller agreed to accept annual payments of $50,000 at an annual interest rate of 4 percent. How many years will it take the company to pay for this purchase? O 5.88 years 8.66 years 06.35 years 7.96 years

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