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Economics

A group of private investors purchased a condominium complex for $5 million. They made an initial down payment of 12% and obtained financing for the balance. If the loan is to be amortized over 11 years at an interest rate of 6.6%/year compounded quarterly, find the required quarterly payment. (Round your answer to the nearest cent.)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91343882

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