Prepare a cash flow table

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Reference no: EM1361989

Sally Sanford is buying an automaoblie that costs $12,000. She will pay $2,000 immediately and the remaining $10,000 in four annual end of year principal payments of $2,500 each. In addition to the $2,500, she must pay 15% interest on the unpaid balance of the loan each year. Prepare a cash flow table to represent the situation.

Reference no: EM1361989

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