Multiple Choice
Darvin Company purchased equipment with a fair value of $100,000 on a 6 percent,4-year installment note.What would be Darvin's annual payment on the note,assuming that payments are made at year end?
A) $25,000
B) $27,226
C) $28,859
D) unable to determine from the information given
Correct Answer:
Verified
Correct Answer:
Verified
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