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View Policies Current Attempt in Progress Sheridan Company is purchasing new equipment with a cash cost of $294000 for an assembly line. The manufacturer has

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View Policies Current Attempt in Progress Sheridan Company is purchasing new equipment with a cash cost of $294000 for an assembly line. The manufacturer has offered to accept $67300 payment at the end of each of the next six years. How much interest will Sheridan Company pay over the term of the loan? O $294000. $403800 O $109800 $67300 Save for Later Attempts: 0 of 1 used Submit

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