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a Trevor, a purchasing manager for a farm co-op, negotiated a deal for some equipment. The farm co-op took out a loan of $17,000.00, with

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a Trevor, a purchasing manager for a farm co-op, negotiated a deal for some equipment. The farm co-op took out a loan of $17,000.00, with a $2,000.00 payment due at signing (assume all of this payment applies towards the loan amount). The remaining will be paid off with quarterly payments for the next 3 years. If the negotiated interest rate on the debt is 7.9% compounded quarterly. What will the farm co-op's payment be? (Round all answers to 2 decimal places.) The quarterly payment would be $1 Enter an integer or decimal number (more..] Assuming all of the payments were on time and the farm co-op did not prepay on the loan. What is the total amount the farm co-op paid and the total interest? The total amount the farm co-op paid was $ and the total interest was Submit

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