On January 1,2022 , Company K borrowed $978,000 from a lender, who charges 8% interest...
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Accounting
On January 1,2022 , Company K borrowed $978,000 from a lender, who charges 8% interest and requires Company K to make 5 equal annual payments. The first payment begins on December 31,2022 . What is the amount of each payment? A. 243,873 B. 244,498 C. 244,946 D. 246,515
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