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Knopfler ltd sells an asset with a 1 million fair value to

Knopfler Ltd. sells an asset with a $1 million fair value to Dire Inc. Dire agrees to make six equal payments (payments include interest and principal), one year apart, starting one year from the date of sale. The appropriate interest rate is 6%. Compute the annual payments.

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Business Management: Knopfler ltd sells an asset with a 1 million fair value to

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