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2. S P plans to purchase a new injection molding machine for $135,000. It will be completely financed with a loan at 13% APR compounded

2. S P plans to purchase a new injection molding machine for $135,000. It will be completely financed with a loan at 13% APR compounded bi-weekly (every 2 weeks) over 7 years. a) What is the bi-weekly payment on the loan

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