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ABC Manufacturing is purchasing new machinery for $1,500,000. If they take out a 10 year discount loan with an interest rate of 8.5%, how large

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ABC Manufacturing is purchasing new machinery for $1,500,000. If they take out a 10 year discount loan with an interest rate of 8.5%, how large is the payment at the end of year 10? $228,611 $3,391,475.16 $1,728,611.56 $127,500.00

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