Problema 618478 warehouse if being purchased by your, Ask an Expert

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Problem:

A $618,478 warehouse if being purchased by your company. The deal requires a down payment of 109,363 with the remainder of the purchase price paid over 20 years, payments in advance. The annual interest rate applicable is 6.58.

Required:

What monthly payment in advance will be required to pay off this loan? Explain in detail.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146027

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