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Question 16 (1 point) ABC Manufacturing is purchasing new machinery for $3,000,000. If they take out a 10 year discount loan with an interest rate
Question 16 (1 point) ABC Manufacturing is purchasing new machinery for $3,000,000. If they take out a 10 year discount loan with an interest rate of 7.5%, how large is the payment at the end of year 10? $225,000 $437,057.78 $6,183,094.69 $1,455,581.79
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