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to purchase equipment for her business , andrea paid $2000. down and signed an installment contract that requires payment of $458 at end of each
to purchase equipment for her business , andrea paid $2000. down and signed an installment contract that requires payment of $458 at end of each month for five years . interest is 9.2% compounded monthly a) what was the cash price of new equipment? b) how much interest will andrea have to pay?
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