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6. On July 1, 2008. a customer has agreed to make live $3,000 quarterly payments starting on Oct 1, 2008, and a final payment of

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6. On July 1, 2008. a customer has agreed to make live $3,000 quarterly payments starting on Oct 1, 2008, and a final payment of $7,000 on July 1, 2011, for a piece of equipment that cost you $12,000. If the annual interest rate is 7% how much profit did you earn on the sale of the equipment

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