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Answer all questions with explanation What-If you have $185,500 available for part procurement for a new assembly line equipment, however the invoice amount is $500,000.

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What-If you have $185,500 available for part procurement for a new assembly line equipment, however the invoice amount is $500,000. If the annual interest rate for the loan is 9.5%. What-If you can afford $6,000/month as payment. What would be the equipment cost if the loan payment duration is for 3 years. [Enter your answer to the last cent] Answer:

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