the strug company purchased office furniture and equipment for $8,600 and agreed to pay for the purchase by making five annual installment payments beginning immediately. the installment payments include interest at 8%. what is the required annual installment payment?

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05-10-2022
Business

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the strug company purchased office furniture and equipment for $8,600 and agreed to pay for the purchase by making five annual installment payments beginning immediately. the installment payments include interest at 8%. what is the required annual installment payment?

Sagot :

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