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Cullumber Tooling Ltd. is assessing two available options for the purchase of new equipment with a negotiated cash price of $160,000. The manufacturer is willing to accept a down payment of 20% of the purchase price and an instalment note for the balance.

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Cullumber Tooling Ltd. is assessing two available options for the purchase of new equipment with a negotiated cash price of $160,000. The manufacturer is willing to accept a down payment of 20% of the purchase price and an instalment note for the balance.
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