A construction company borrows $73,900 to purchase a piece of equipment. The loan has a...
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A construction company borrows $73,900 to purchase a piece of equipment. The loan has a rate of 12% per year and requires 20 monthly payments. Find the monthly payment and the amount of interest paid using the amortization formula.
** to answer in EXCEL/WORDS for better understanding please. as i couldnt read in hand written**
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