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Lexair Industrial Supply borrowed $868,400 today to purchase some new equipment. The firm financed this amount for 4 years at 8 percent interest. What is

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Lexair Industrial Supply borrowed $868,400 today to purchase some new equipment. The firm financed this amount for 4 years at 8 percent interest. What is the amount of each quarterly payment? Multiple Choice $58,272.01 $63,957.77 $61,637.41 $57,272.01

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