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A company borrowed at 4.67% compounded annually to purchase equipment, agreeing to make payments of $2,730 at the end of every three months for 11

A company borrowed at 4.67% compounded annually to purchase equipment, agreeing to make payments of $2,730 at the end of every three months for 11 payments. (a) What is the equivalent cash price of the equipment? (b) How much will be owed at the end of two years

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