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Title: Harry just bought a new four-wheel-drive Jeep Cherokee for his lumber business. The price of the ... Post by: solina on May 30, 2017 Harry just bought a new four-wheel-drive Jeep Cherokee for his lumber business. The price of the vehicle was $35,000, of which he made a $5,000 down payment and took out an amortized loan for the rest. His local bank made the loan at 12% interest for five years. He is to pay back the principal and interest in five equal annual installments beginning one year from now. Determine the amount of Harry's annual payment.
A) $8,322 B) $9,600 C) $9,709 D) $6,720 Title: Re: Harry just bought a new four-wheel-drive Jeep Cherokee for his lumber business. The price of the ... Post by: Lutional on May 30, 2017 Content hidden
Title: Re: Harry just bought a new four-wheel-drive Jeep Cherokee for his lumber business. The price of the ... Post by: Daiix H on Oct 13, 2020 Thanx
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