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Hazelnut just bought a new cracker. To pay for the cracker, the company took out a loan that requires Hazelnut to pay the bank a

Hazelnut just bought a new cracker. To pay for the cracker, the company took out a loan that requires Hazelnut to pay the bank a speclal payment of $8,113.00 in 2 months and also pay the bank regular payments. The first regular payment is expected to be $1,244.00 in 1 month and all subsequent regular payments are expected to increase by 0.25 percent per month forever. The interest rate on the loan is 0.99 percent per month. What was the price of the cracker? $176,062.83(plus or minus 3 dollars) $168,108.11(plus or minus 3 dollars) $133,611.28(plus or minus 3 dollars) $1,096,351.35(plus or minus 3 dollars) none of the answers are within 3 dollars of the correct answer

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