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Anthony secured a lease on a machine by paying $ 1 , 4 5 0 as a down payment and then $ 3 0 0

Anthony secured a lease on a machine by paying $1,450 as a down payment and then $300 at the beginning of every half-year for 6 years. Assume that the cost of financing is 4.23% compounded semi-annually. a. What was the principal amount of the loan? b. What was the cost of the machine? c. What was the amount of interest paid over the term?

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