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Business, 26.06.2020 15:01 kimberlyvazquez1121
You are considering purchasing a piece of industrial equipment that costs $30,000. You decide to make a down payment in the amount of $5,000 and to borrow the remainder from a local bank at an interest rate of 9%, compounded monthly. The loan is to be paid off in 36 monthly installments. What is the amount of the monthly payment
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Answers: 3
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