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Question
If you buy a factory for $250,000 and the terms are 20 percent down, the balance to be paid off over 30 years at a 12 percent rate of interest on the unpaid balance, what are the 30 equal annual payments?
a. $20,593
b. $31,036
c. $24,829
d. $50,212
e. $6,667
Answer
This answer is hidden. It contains 182 characters.
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