Multiple Choice
Paul's Painting Co.acquired a new $800, 000 press on April 1, 2010.Paul's will make six equal payments based upon 8% compound interest, starting on March 31, 2011.How much will each payment be?
A) $504, 136
B) $173, 056
C) $160, 234
D) $109, 052
Correct Answer:
Verified
Correct Answer:
Verified
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