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The problem describes a debt to be amortized. ( Round your answers to the nearest cent. ) Sean Lee purchases $ 3 0 , 0
The problem describes a debt to be amortized. Round your answers to the nearest cent.Sean Lee purchases $ worth of supplies for his restaurant by making a $ down payment and amortizing the remaining cost with quarterly payments over the next years. The interest rate on the debt is compounded quarterly.aFind the size of each payment.$ bFind the total amount paid for the purchase.$ cFind the total interest paid over the life of the loan.
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