8. 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
8. 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
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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