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A Xerox DocuColor photocopier costing $ 4 4 , 0 0 0 is paid off in 6 0 monthly installments at 6 . 9 0
A Xerox DocuColor photocopier costing $ is paid off in monthly installments at 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?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
