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Its local bank is willing to lend it the money to buy the

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General Hospital wants to purchase a new MRI today. Its local bank is willing to lend it the money to buy the MRI at a 4 percent monthly rate. The loan payments will start at the end of the month and will be $100,000 per month for the next thirty months. What is the purchase price of the MRI?

Reference no: EM13485439

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