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Corey buys 10 Tufflift 4-post, 4.5-ton car hoists for his parking garage at a total cost of $452,000. He finances this with a five-year loan

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Corey buys 10 Tufflift 4-post, 4.5-ton car hoists for his parking garage at a total cost of $452,000. He finances this with a five-year loan at 7.7% APR with monthly payments. After he has made the first 20 payments, how much is the outstanding principal balance on his loan? A. $256,116 B. $640,291 C. $448,204 D. $320,145

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