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Question 8 of 9 Tan Company purchased a large server for $24,000. The company paid 25.00% of the value as a down-payment and received a
Question 8 of 9 Tan Company purchased a large server for $24,000. The company paid 25.00% of the value as a down-payment and received a loan for the balance at 4.75% compounded monthly. The loan has a term of 2 years and Tan Company has to make month-end payments to settle the loan. a. What is the size of the month-end payments? $787.67 Round to the nearest cent b. What was the total amount paid to settle the loan? $0.00 Round to the nearest cent C. Calculate the total amount of interest paid throughout the term of the loan. $0.00 Round to the nearest cent
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