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Kristina Kozyarevskaya wants to buy a $25,000 sound recording and editing system.Long & McQuade offers her a loan at 6% p.a. compounded and payable monthly

Kristina Kozyarevskaya wants to buy a $25,000 sound recording and editing system.Long & McQuade offers her a loan at 6% p.a. compounded and payable monthly for three years.

a)What is the monthly payment?

b)McSqueezem Finance Inc. will make it easier with a weekly payment of only $180 for three years, which is less than one-quarter of what Long and McQuade require, and she will retire the loan four days earlier.Should she take the McSqueezem offer instead?

Please tell me the answer and details. Thank you!

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