A company purchased a machine for 30000 it paid 30 as a
A company purchased a machine for $30,000. It paid 30% as a down payment and obtained a loan for the rest. The loan has a nominal interest rate of 11% compounded daily and the loan term is 10 years. What are the firms monthly payments to the bank?
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a company purchased a machine for 30000 it paid 30 as a down payment and obtained a loan for the rest the loan has a
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