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6. Jenny decides to build a beachfront home. She obtains a 75% LTV construction loan on a property worth $400,000. If the loan is made

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6. Jenny decides to build a beachfront home. She obtains a 75% LTV construction loan on a property worth $400,000. If the loan is made at 8.5% interest, what is the interest payment due on this loan at the end of the nine-month construction period? (6 points)

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