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Great Power borrowed $500,000 to buy equipment to be repaid as a installment note monthly over 2.5 years. How much will Great Power pay each

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Great Power borrowed $500,000 to buy equipment to be repaid as a installment note monthly over 2.5 years. How much will Great Power pay each month if payments begin one month from now and the annual loan rate is 12% compounded monthly? N 2.5 IN 12 PV 500,000 PMT 19374 FV 560,000

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