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Tan Company purchased a large server for $49,500. The company paid 35.00% of the value as a down-payment and received a loan for the balance

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Tan Company purchased a large server for $49,500. The company paid 35.00% of the value as a down-payment and received a loan for the balance at 5.36% compounded monthly. The loan has a term of 7 years and Tan Company had to make month-end payments until the loan was settled. a. Calculate the size of the month-end payments. $708.03 >

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