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New Body, a gym, bought new exercise equipment on credit. The purchase price was $10,438.88. They secure the loan with a financing company that charges

New Body, a gym, bought new exercise equipment on credit. The purchase price was $10,438.88. They secure the loan with a financing company that charges 6.25% per year compounded quarterly for 6 years.

a. Present Value with compound interestb. Future Value of an Annuity c. Present Value of an Annuity d. Amortization e. Sinking Fund

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