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6. Best Boots is planning to purchase a new commercial sewing machine for $105,000. They plan to finance the sewing machine through a loan at

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6. Best Boots is planning to purchase a new commercial sewing machine for $105,000. They plan to finance the sewing machine through a loan at 6.5% APR compounded bi-weekly (every 2 weeks) over 10 years. (8 points) a) What is the bi-weekly loan payment? b) How much interest will be paid over the 10 years of the loan? c) How much of the first payment is used to pay down the loan, rather than pay interest

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