How big would the annual payment be

Reference no: EM13945992

On 31 December Liz Klemkozky bought a yacht for $50,000, paying a deposit of $10,000 and agreeing to pay the balance in 10 equal annual instalments that would include both the principle and 10% interest. How big would the annual payment be?

Reference no: EM13945992

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How big would the annual payment be : On 31 December Liz Klemkozky bought a yacht for $50,000, paying a deposit of $10,000 and agreeing to pay the balance in 10 equal annual instalments that would include both the principle and 10% interest. How big would the annual payment be?

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