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Ann is willing to pay $225 a month for 5 years for an equipment payment. If the interest rate is 9%, compounded monthly, and she has a cash down payment of $4,000, what price equipment can she afford

Ann is willing to pay $225 a month for 5 years for an equipment payment. If the interest rate is 9%, compounded monthly, and she has a cash down payment of $4,000, what price equipment can she afford to purchase?

Apr 17 2021 View more View Less

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