Business, 05.03.2022 23:10 smelcher3900

On January 1, 2018, Vango, Inc. purchased a $30,000 van and promised to pay $11,223.34 on December 31 for the next 3 years. The market rate of interest is 6% compounded annually. The entry to record the 2nd payment on December 31, 2019 will include a than in the 1st payment.

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On January 1, 2018, Vango, Inc. purchased a $30,000 van and promised to pay $11,223.34 on December 3...

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