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To purchase $14,500 worth of lab equipment for his business, Lamar made a down payment of $1300 and took out a business loan for the

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To purchase $14,500 worth of lab equipment for his business, Lamar made a down payment of $1300 and took out a business loan for the rest. After 3 years of paying monthly payments of $401.58, he finally paid off the loan. ? (a) What was the total amount Lamar ended up paying for the equipment (including the down payment and monthly payments)? si (b) How much interest did Lamar pay on the loan? si

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