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QUESTION 42 Suppose you want to finance new machinery for your company. The equipment has a purchase price of $41,375 at an interest rate of

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QUESTION 42 Suppose you want to finance new machinery for your company. The equipment has a purchase price of $41,375 at an interest rate of 6.5% over 8 years. Create an Amortization table and answer the following 6 questions, What will the size of your annual payment be? 57,432.58 $7,268.81 56,381.31 56,79532 QUESTION 43 Followed from the Loan Amortization Table: How much payment will be added to the principal in year three? 54,657.06 $5,063.15 52,138.25 56,795.32

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