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Page 1 of 26 Question 1 (4 points) Your company is buying machinery for $400,000 with a 5-years loan having monthly payments. If the interest

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Page 1 of 26 Question 1 (4 points) Your company is buying machinery for $400,000 with a 5-years loan having monthly payments. If the interest rate is 8.8%, what is the payment on the loan? $8,264.57 O $7,423.92 O $6,128.92 O $5,023.57

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