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Engineering, 14.12.2019 05:31 vannitling12p4w44f
Acompany buys a machine for $12,000, which it agrees to pay for in five equal annual payments, beginning one year after the date of purchase, at an annual interest rate of 4%. immediately after the second payment, the terms are changed such that the company can pay off the loan immediately in a lump sum during the following year. what is the final single payment?
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Acompany buys a machine for $12,000, which it agrees to pay for in five equal annual payments, begin...
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