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1. (14 pts) You co-own a small company and need to take out a loan to purchase an industrial level 3D printer. You have identified

1. (14 pts) You co-own a small company and need to take out a loan to purchase an industrial level 3D printer. You have identified a bank that will give you a loan with 3% APR compounded quarterly for a 4-year loan. You have determined that you can afford monthly payments of $450 to pay back the loan over the 4 years. What is the most expensive 3D printer you can afford to purchase today

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