Joe is interested in Marissa's 1974 yellow Corvette. He offers to purchase it from her for $ 25,000. This would include $ 5,000 up front and then moving forward, equal blended payments over the next 6 years at 7%. The payments would be made at the end of each year.
Instructions
How much will the payment be from Joe at the end of each year?

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The Answer of Joe is interested in Marissa's 1974 yellow Corvette. He offers to purchase it from her for $ 25,000. This would include $ 5,000 up front and then moving forward, equal blended payments over the next 6 years at 7%. The payments would be made at the end of each year.
Instructions
How much will the payment be from Joe at the end of each year?

Joe Is Interested in Marissa's 1974 Yellow Corvette