Carol calculated her payment over a 3 year period on a $14,000 piece of equipment as $388.89 per month, including principle and interest. What can be said about Carol's calculations?
Answer: Her calculation is wrong, the payment is too low
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Business Management
Carol calculated her payment over a 3 year period on a $14,000 piece of equipment as $388.89 per month, including principle and interest. What can be said about Carol's calculations?
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