Multiple Choice
Chancellor Ltd.sells an asset with a $1 million fair value to Sophie Inc.Sophie agrees to make six equal payments,one year apart,commencing on the date of sale.The payments include principal and 6% annual interest.Compute the annual payments.
A) $166,651.
B) $135,252.
C) $203,351.
D) $191,852.
Correct Answer:
Verified
Correct Answer:
Verified
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