Corey buys 10 Tufflift 4-post, 4.5-ton car hoists for his parking garage at a total...
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Corey buys 10 Tufflift 4-post, 4.5-ton car hoists for his parking garage at a total cost of $458,000. He finances this with a five-year loan at 8.7% APR with monthly payments. After he has made the first 20 payments, how much is the outstanding principal balance on his loan? OA. $261.428 OB. $457,500 OC. $326,785 OD. $653,571
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