Answered

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To purchase $12,300 worth of machinery for her business, Lucy made a down payment of $1,500 and took out a business loan for the rest. After 3 years of paying monthly payments of $328.57, she finally paid off the loan.

(a) What was the total amount Lucy ended up paying for the machinery (including the down payment and monthly payments)?

(b) How much interest did Lucy pay on the loan?

Sagot :

994825

Answer:

3%  to as high as 80%

Step-by-step explanation:

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