Business, 17.02.2020 19:56 carriganlee8688

Hazelnut just bought a new cracker. To pay for the cracker, the company took out a loan that requires Hazelnut to pay the bank a special payment of $8,160 in 1 month and also pay the bank regular payments. The first regular payment is expected to be $1,240 in 1 month and all subsequent regular payments are expected to increase by 0.25 percent per month forever. The interest rate on the loan is 0.98 percent per month. What was the price of the cracker?

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Hazelnut just bought a new cracker. To pay for the cracker, the company took out a loan that require...

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