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A Xerox DocuColor photocopier costing $25,000 is paid off in 72 monthly installments at 5.80% APR. After three years the company wishes to sell the

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A Xerox DocuColor photocopier costing $25,000 is paid off in 72 monthly installments at 5.80% APR. After three years the company wishes to sell the photocopier. What is the minimum price for which they can sell the copier so that they can cover the cost of the balance remaining on the loan? A. $16,118 B. $15,546 C. $13,582 D. $17,026 Question 6 1 pts What is the present value (PV) of an investment that pays $60,000 every year for six years if the interest rate is 7.2% APR, compounded semiannually? A. $278,186 B. $312,429 C. $224,268 D. $283,105

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