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November 21, 2014

Homework Help: finance

Posted by Loretta on Wednesday, December 1, 2010 at 11:43am.

equipment cost $20,000 and is financed over a period of five years at an interest rate of 12%...What is the monthly payment...What is the loan balance at the end of four years and how much interest will have been paid on the loan after five years?

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