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general computer inc. purchased a computer server for 5 5 , 0 0 0 . it paid 3 5 , 0 0 % of the

general computer inc. purchased a computer server for 55,000. it paid 35,00% of the value as a down payment and received a loan for the balance at 9.50% compounded semi-annually. i made payments of 2,300.21 at the end of every quarter to settle the loan

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