Brainstorm Company purchased office furniture and equipment for $20,000 and agreed to pay for the purchase by making six annual installment payments beginning one year from today. The installment payments include interest at 6%. What is the required annual installment payment?
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Home » Business » Brainstorm Company purchased office furniture and equipment for $20,000 and agreed to pay for the purchase by making six annual installment payments beginning one year from today. The installment payments include interest at 6%.