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chancellor ltd. sells an asset with a $1.6 million fair value to sophie inc. sophie...

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Accounting

chancellor ltd. sells an asset with a $1.6 million fair value to sophie inc. sophie agrees to make seven equal payments, each to be paid one year apart, commencing on the date of sale. the payments include principal and 6% annual interest. compute the annual payments.((fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.)

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