Question: To purchase $ 1 3 , 5 0 0 worth of machinery for her business, Keiko made a down payment of $ 1 2 0
To purchase $ worth of machinery for her business, Keiko made a down payment of $ and took out a business loan for the rest. After years of
paying monthly payments of $ she finally paid off the loan.
a What was the total amount Keiko ended up paying for the machinery
including the down payment and monthly payments
$
b How much interest did Keiko pay on the loan?
$
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