Your biotech firm plans to buy a new DNA sequencer for $500,000. the seller requires that you

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Your biotech firm plans to buy a new DNA sequencer for $500,000. the seller requires that you pay 20% of the purchase price as a down payments, but is willing to finance the remainder by offering a 48-month loan with equal monthly payments and an interest rate of 0.5% per month. What is the monthly loan payment?

Posted Date: May 19, 2024 05:16 AM

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Your biotech firm plans to buy a new DNA sequencer for $500,000. the seller requires that you

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