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Answer needed in step by step please. White Mountain Media just bought a new ice cream parlor. To pay for the ice cream parlor, the
Answer needed in step by step please.
White Mountain Media just bought a new ice cream parlor. To pay for the ice cream parlor, the company took out a loan that requires White Mountain Media to pay the bank a special payment of 17,430 dollars in 2 month(s) and also pay the bank regular payments of 2,940 dollars each month forever. The interest rate on the loan is 1.82 percent per month and the first monthly payment of 2,940 dollars will be paid in 1 month. What was the price of the ice cream parlor? NumberStep by Step Solution
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