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Buffalo Excavating Inc. is purchasing a bulldozer. The equipment has a price of $92,800. The manufacturer has offered a payment plan that would allow Buffalo

Buffalo Excavating Inc. is purchasing a bulldozer. The equipment has a price of $92,800. The manufacturer has offered a payment plan that would allow Buffalo to make6equal annual payments of $20,074.07, with the first payment due one year after the purchase.

(a)

Your answer is incorrect.Try again.How much total interest will Buffalo pay on this payment plan?(

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