Riverbed Excavating Inc. is purchasing a bulldozer. The equipment has a price of $97,600. The...
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Riverbed Excavating Inc. is purchasing a bulldozer. The equipment has a price of $ The manufacturer has offered a payment plan that would allow Riverbed to make equal annual payments of $ with the first payment due one year after the purchase.
a
How much total interest will Riverbed pay on this payment plan? Raund answer to O decimal places, eg:
Total interest $
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