Question
XYZ Corp. just bought a piece of equipment. The company agreed to pay $2,017 per month for 24 months at an interest rate of 12%,
XYZ Corp. just bought a piece of equipment. The company agreed to pay $2,017 per month for 24 months at an interest rate of 12%, compounded monthly. How much did the equipment originally cost?
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Personal Finance
Authors: Jack Kapoor, Les R. Dlabay, Robert J. Hughes
2nd Edition
0256079056, 9780256079050
