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Business, 17.04.2020 23:04 sierraaasifuent
Rudy Corporation is looking to purchase a building costing $500,000 by paying $100,000 cash on the purchase date, and agreeing to make annual payments for the next ten years. The first payment is due one year after the purchase date. Rudy's incremental borrowing rate is 10%. Each of the annual payments is closest to:
A.$65,098
B.$86,821
C.$55,098
D.$44,000
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Answers: 1
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