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A company borrows $730,000 to purchase a fleet of delivery vans. They will finance the total amount with a five year loan, 4.25% annual interest
A company borrows $730,000 to purchase a fleet of delivery vans. They will finance the total amount | ||||||
with a five year loan, 4.25% annual interest rate, and quarterly payments. Each loan payment will be | ||||||
in the amount of: |
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