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A moving company would like to purchase a trailer in 2 years, which the CEO estimates the trailer will cost about $7,500. Aft
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Answer #1

rate positively ..

we have to use financial calculator to solve this
put in calculator
FV 7500
PV 0
I 4%/12 0.3333%
N 2*12 24
compute PMT ($300.69)
ans = $300.69
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