According to the cost principle, land that was originally acquired for $85,000 is offered for sale at $150,000, is assessed for
2 answers:
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Answer:
a) The value of the Annual Payment is A=$17,258.80
b) Is the picture in the attachment file
c) As you can see it in the picture with each payment, balance comes down, due it is the interest base, Interest portion comes down too.
Step-by-step explanation:
Hi
a) First of all, we are going to list the Knowns: ,
% and
, Then we can use
. So this is the value of the Annual Payment
