Akai Inc borrowed $200,000 from the bank and signed a 6-year note at 8%.The present value of an annuity factor for 6 years at 8% is 4.6229.To the nearest dollar,the annual payment is
A) $33,333
B) $41,960
C) $45,827
D) $43,263
E) $28,599
Correct Answer:
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