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  1. business
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  3. 2.on january 1, at the beginning of first year joh

2.On January 1, at the beginning of first year John Cothran offers to buy Ruth...

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Accounting

2.On January 1, at the beginning of first year John Cothran offers to buy Ruth House's used tractor and equipment for $4,000, payable in 12 equal semiannual installments, which are to include payment of 10% interest on the unpaid balance and payment of a portion of the principal, with the first installment to be made at the beginning of first year. Calculate the amount of each of these installments.

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