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Acme Steamer purchased a new pump for $ 7 5 , 0 0 0 . They borrowed the money for the pump from their bank
Acme Steamer purchased a new pump for $ They borrowed the money for the pump from their bank at an interest rate of per month and will make a total of equal, monthly payments. How much will Acmes monthly payments be Draw the cash flow diagram. Use interest and annuity tables from Appendix C of the book.
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