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How much does she need to borrow to purchase the? yacht

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On December? 31, Beth Klemkosky bought a yacht for ?$90,000. She paid ?$12,000 down and agreed to pay the balance in 5 equal annual installments that include both the principal and 11 percent interest on the declining balance. How big will the annual payments? be?

On December? 31, Beth Klemkosky bought a yacht for ?$90,000 and paid ?$12,000 ?down, how much does she need to borrow to purchase the? yacht?

Reference no: EM132679015

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