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05-06-2023
Business

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To purchase $11,900 worth of lab equipment for her business, Linda made a down payment of $1500 and took out a business loan for the rest. After 2 years of paying monthly payments of $460.94, she finally paid off the loan. (a) What was the total amount Linda ended up paying for the equipment (including the down payment and monthly payments)? (b) How much interest did Linda pay on the loan? C $

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