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How big will the annual payments? be

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December? 31, Beth Klemkosky bought a yacht for ?$120,000. She paid ?$14,000 down and agreed to pay the balance in 9 equal annual installments that include both the principal and 12 percent interest on the declining balance. How big will the annual payments? be?

On December? 31, Beth Klemkosky bought a yacht for ?$120,000 and paid ?$14,000 ?down, how much does she need to borrow to purchase the? yacht?

Reference no: EM132460041

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