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%. Each of the payments is closest to:
A) $6,248.
B) $6,689.
C) $8,527.
D) $5,709.
Correct Answer:
Verified
Correct Answer:
Verified
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