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VTEPS, Inc. plans to purchase a lathe for your team. Provide the information below, if the cost is $55,000, and its lifetime is 5 years,

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VTEPS, Inc. plans to purchase a lathe for your team. Provide the information below, if the cost is $55,000, and its lifetime is 5 years, with an interest rate of 9% per year. VTEPS, Inc. requires that your team repay it in monthly installments. Enter the numerical amount to the closest cent (or 0.01). DO NOT include a %, or comma in your answer. What is the monthly interest rate? What is the monthly payment amount? Fill in the missing numbers in this table: In your handwritten work and MS Excel work, complete the entire amortization table

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