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Swifty Corporationmaintains its accounting records using IFRS. The company purchases equipment with a price of $310000. The manufacturer has offered a payment plan that would

Swifty Corporationmaintains its accounting records using IFRS. The company purchases equipment with a price of $310000. The manufacturer has offered a payment plan that would allowSwiftyto make 10 equal annual payments of $38220, with the first payment due one year after the purchase.

How much total interest willSwiftypay on this payment plan?

$38220

$72200

$124000

$31000

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