Ramon sold land in 2010 with a cost of $60,000 for $100,000.The sales agreement called for a $25,000 down payment and a $25,000 payment on the first day of each year plus 8% interest.What would be the consequences of the following (treat each part independently and assume Ramon uses the installment method whenever possible):

Question

Ramon sold land in 2010 with a cost of $60,000 for $100,000.The sales agreement called for a $25,000 down payment and a $25,000 payment on the first day of each year plus 8% interest.What would be the consequences of the following (treat each part independently and assume Ramon uses the installment method whenever possible):
Ramon sold land in 2010 with a cost of $60,000 for $100,000.The sales agreement called for a $25,000 down payment and a $25,000 payment on the first day of each year plus 8% interest.What would be the consequences of the following (treat each part independently and assume Ramon uses the installment method whenever possible):

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The Answer of Ramon sold land in 2010 with a cost of $60,000 for $100,000.The sales agreement called for a $25,000 down payment and a $25,000 payment on the first day of each year plus 8% interest.What would be the consequences of the following (treat each part independently and assume Ramon uses the installment method whenever possible):

Ramon Sold Land in 2010 with a Cost of $60,000