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Gum company is acquiring a new wood lathe with a cash purchase price of $80,000. The Wood Master Industries (the manufacturer) has agreed to accept $23,500 at the end of each of the next 4 years. Based on this deal, how much total interest will Grummet pay over the life of the loan?
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Gum company is acquiring a new wood lathe with a cash purchase price of $80,000. The Wood Master Ind...
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