In December Beth bought a boat for $100,000 &payed $16,000 down & agreed to pay the balance In 5 equalannual installments that include both the principal & 9%interest on the declining balance. How big will the annual paymentsbe?
Beth bought the yacht for $100,000 & paid $16,000down, how much doe she need to borrow for her purchase of theyacht?
$__ (round to the nearest dollar)
