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ABC Corp. borrowed money to purchase equipment. The loan is repaid by making payments of $924.37 at the end of every three months over seven

ABC Corp. borrowed money to purchase equipment. The loan is repaid by making payments of $924.37 at the end of every three months over seven years. If interest is 7.3% compounded annually,

a. what was the original loan balance?

b. how much interest will ABC Corp. pay?

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