The One Company purchased office furniture and equipment for $8,000 and agreed to pay for...
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Accounting
The One Company purchased office furniture and equipment for $8,000 and agreed to pay for the purchase by making five annual installment payments beginning one year from today. The installment payments include interest at 8%. What is the required annual installment payment?
a. $2,592 b. $2,250 c. $2,004 d. $2,319
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