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Crane Corp. purchased equipment with a cash cost of $513000. The seller has offered to accept$102600payments at the end of each of the next seven

Crane Corp. purchased equipment with a cash cost of $513000. The seller has offered to accept$102600payments at the end of each of the next seven years. What is the total amount of interest that will Crane pay over the term of the loan?

$205200

$513000

$718200

$923400

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