Multiple Choice
Huck Corporation is looking to purchase a truck costing $49,000 by agreeing to make payments every three months for the next two years; the first payment is due three months after the purchase date.Huck's incremental borrowing rate is 8%.How much will each of the payments be?
A) $6,248
B) $6,689
C) $8,527
D) $5,709
Correct Answer:
Verified
Correct Answer:
Verified
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