Question 2: (5 points) XYZ Company purchased a new machine for $70,000. They borrowed the money...

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Question 2: (5 points) XYZ Company purchased a new machine for $70,000. They borrowed the money to buy the machine from their bank at an interest rate of 4% per month. They will make 24 equal, monthly payments. How much will the company's monthly payments be? Question 2: (5 points) XYZ Company purchased a new machine for $70,000. They borrowed the money to buy the machine from their bank at an interest rate of 4% per month. They will make 24 equal, monthly payments. How much will the company's monthly payments be?