The Iberia Corporation purchased a new warehouse for $165,000. After a down payment of
Chapter 0, Problem 28(choose chapter or problem)
The Iberia Corporation purchased a new warehouse for $165,000. After a down payment of $45,600, the balance was paid in equal monthly payments, with no interest. a. If the loan was paid off in 2 years, how much were the monthly payments?b. If the loan was paid off in 5 years, how much less were the monthly payments?
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