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To purchase $ 1 2 , 2 0 0 worth of restaurant equipment for his business, Miguel made a down payment of $ 1 4
To purchase $ worth of restaurant equipment for his business, Miguel made a down payment of $ and took out a business loan for the rest. After years of paying monthly payments of $ he finally patd off the loan.
a What was the total amount Miguel ended up paying for the equipment including the down payment and monthly payments
b How much interest did Miguel pay on the loan?
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