Multiple Choice
If you buy a factory for $250,000 and the terms are 20 percent down,the balance to be paid off over 30 years at a 12 percent rate of interest on the unpaid balance,what are the 30 equal annual payments?
A) $20,593
B) $31,036
C) $24,829
D) $50,212
E) $6,667
Correct Answer:
Verified
Correct Answer:
Verified
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