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shepuryov [24]
3 years ago
9

Brainstorm Company purchased office furniture and equipment for $20,000 and agreed to pay for the purchase by making six annual

installment payments beginning one year from today. The installment payments include interest at 6%. What is the required annual installment payment?
Business
1 answer:
Studentka2010 [4]3 years ago
4 0

Answer:

The required annual installment payment is $4067.25.

Explanation:

annual installment = (20000×6%)/(1 - (1 + 6%)^6)

                               = $4067.25

Therefore, the required annual installment payment is $4067.25.

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Answer:

  C. A secondary market transaction.

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  I hope this answer helps you.

4 0
3 years ago
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Answer:

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d. assignor.

Explanation:

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5 0
3 years ago
22) BS Company is considering eliminating the following product line: Product AXP Sales $ 80,000 Less variable costs: Raw materi
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Answer:

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Avoidable costs= $60,000

8 0
3 years ago
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On July 15, there is pending 6000 on the cash account.

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The answer is critics
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