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You want to buy equipment that is available from 2 companies. The price of the equipment is the same for both companies. Green Industrial would

You want to buy equipment that is available from 2 companies. The price of the equipment is the same for both companies. Green Industrial would let you make quarterly payments of $4,420 for 3 years at an interest rate of 4.50 percent per quarter. Your first payment to Green Industrial would be in 3 months. Oval Industrial would let you make monthly payments of $X for 4 years at an interest rate of 0.82 percent per month. Your first payment to Oval Industrial would be today. What is X?
You just borrowed $27,430. You plan to repay this loan by making X regular annual payments of $1,140 and a special payment of special payment of $36,700 in 10 years. The interest rate on the loan is 7.81 percent per year and your first regular payment will be made today. What is X?
Submission instructions: round your answer to 2 decimal places (such as 1.23 or 98.76).

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