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Posted on Jul 27, 2024

company purchases a piece equipment for $ 7 5 , 0 0 0 with no money down. The company will pay the equipment off over

company purchases a piece equipment for $

75, 000

with no money down. The company will

pay the equipment off over

5

years by paying equal payments at the end of the each year at

an interest rate of

8 % .

How much interest was paid by the company

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