Business, 22.04.2020 01:53, drandbone92

The manager of a manufacturing company knows that they will need a new machine in one of their factories. The new machine will cost them $12,500. The manager has determined that they can afford to pay 10% of the cost of the machine in cash. They can then finance the rest through a credit union. The credit union will charge 2% per year compounded monthly. How much are their monthly payments for 4 years

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The manager of a manufacturing company knows that they will need a new machine in one of their facto...