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Tan Company purchased a large server for $ 4 4 , 5 0 0 . The company paid 2 0 % of the value as
Tan Company purchased a large server for $ The company paid of the value as a downpayment and received a loan for the balance at compounded monthly. The loan has a term of years and Tan Company had to make monthend payments until the loan was settled.
a Calculate the size of the monthend payments.
$
$
$
$
b What was the total amount paid to settle the loan?
$
$
$
$
c Calculate the total amount of interest paid throughout the term of the loan.
$
$
$
$
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