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Lindsey purchased a machine for $27,000 for her company. She paid 5.00% of this amount as a down payment and financed the rest at 4.72%
Lindsey purchased a machine for $27,000 for her company. She paid 5.00% of this amount as a down payment and financed the rest at 4.72% compounded quarterly. She paid $1,125 at the end of every quarter to settle the loan. a. What was the principal portion of payment number 4? $0.00 Round to the nearest cent b. What was the interest portion of payment number 4? $0.00 Round to the nearest cent
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