Cost of the balance remaining on the loan

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Reference no: EM131099653

A Xerox Docu Color photocopier costing 44000 is paid off in 60 monthly installments at 7.3% APR. After three years the company wishes to sell photocopier. What is the minimum price for which they can sell the copier so they can cover the cost of the balance remaining on the loan?

Reference no: EM131099653

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