A company purchases piece equipment for 100000 with no
A company purchases piece equipment for $100,000 with no money down. The company will pay the equipment off over 5 years by paying equal payments at the end of the each year at an interest rate of 6%. How much interest was paid by the company?
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a company purchases piece equipment for 100000 with no money down the company will pay the equipment off over 5 years
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