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Please solve this question and show all the steps. Thank You Green Forest Industrial out a loan that requires Green Forest Industrial to pay the
Please solve this question and show all the steps. Thank You
Green Forest Industrial out a loan that requires Green Forest Industrial to pay the bank a special payment of 11,520 dollars in 2 months and also make regular monthly payments forever. The first regular payment is expected in 1 month and all subsequent regular payments are expected to increase by 0.37 percent per month forever. The interest rate on the loan is 1.43 percent per month. What is the payment expected to be in 1 month? just bought a new dry cleaner for 953 556 dollars. To pay for the dry cleaner, the company took NumberStep by Step Solution
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