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Purchase Price of the Equipment Assignment

Author:
February 18th, 2020

The Ivory Co. is considering the purchase of some new equipment. The quote consists of a quarterly payment of $2,500 for 4 years at 8 percent interest. What is the purchase price of the equipment?

a)$34,229.41
b) $36,498.29
c) $32,927.65
d) $33,944.27

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