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Business, 23.04.2020 01:27 SydneyFrank

A group of private investors purchased a condominium complex for $2 million. They made an initial down payment of 10% and obtained financing for the balance. If the loan is to be amortized over 15 years at an interest rate of 8.1%/year compounded quarterly, find the required quarterly payment.

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A group of private investors purchased a condominium complex for $2 million. They made an initial do...
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