Mathematics, 31.10.2020 05:40, reecedstceklein

To purchase $13,400 worth of lab equipment for his business, Rafael made a down payment of $1900 and took out a business loan for the rest. After 2 years of paying monthly payments of $509.70, he finally paid off the loan.
x
5
?
(a) What was the total amount Rafael ended up paying for the equipment
(including the down payment and monthly payments)?
si
(b) How much interest did Rafael pay on the loan?
si

Answers: 2

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To purchase $13,400 worth of lab equipment for his business, Rafael made a down payment of $1900 and...