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company borrowed at 4 . 9 4 % compounded semi dash annually to purchase equipment, agreeing to make payments of $ 2 0 2 0
company borrowed at compounded semi dash annually to purchase equipment, agreeing to make payments of $ at the end of every three months for payments.
a What is the equivalent cash price of the equipment?
b How much will be owed at the end of two years
c How much of the principal will be repaid within the first two years
d How much interest is paid during the first two years
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