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QUESTION 4 You are considering buying a piece of equipment to begin generating income for your newly started construction company. The equipment is priced at

QUESTION 4
You are considering buying a piece of equipment to begin generating income for your newly started construction company. The equipment is priced at $190,000 and you estimate you could make a profit of $1,700 per month after paying all expenses. If you put 100% of the profits towards paying it off, and your interest rate was 5%, how many months would it take you to pay it off? (round up to the nearest month)
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