On January 1, 2012, Border Company purchased a truck that cost $17,000. The company signed a $17,000 notes payable that specified four equal annual payments (at each year-end), each of which includes a repayment of the principal and interest on the unpaid balance at 10% per annum. The company estimates the useful life of 10 years with zero residual value for the truck. Round up to the nearest dollar.

Calculate the amount of each equal payment (round to the nearest dollar)

disadvantages of leasing a vehicle: no vehicle equity and mileage limitations

disadvantages of purchasing a vehicle: large down payment and vehicle depreciation

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hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

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b. there is a fixed quantity of resources and technology available.

hope that : )

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