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A $2,000,000 loan carries a 7.3% interest rate. Assume there are are 365 days in a year, with interest compounded and payment made daily, what
A $2,000,000 loan carries a 7.3% interest rate. Assume there are are 365 days in a year, with interest compounded and payment made daily, what is the daily payment amount if the loan is to be paid off in 3 years? Round answer to a whole number.
Remember with large numbers and small numbers mixed together, it is very important that no rounding is done until the final answer is reached.
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