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A company plans to finance a 20-year project with a loan of $30,000,000.00 at an interest rate of 5% compounded monthly. The loan costs include

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A company plans to finance a 20-year project with a loan of $30,000,000.00 at an interest rate of 5% compounded monthly. The loan costs include 2 points, an originating fee of $15,000.00, and closing cost of $9,000.00 Calculate the required monthly payments and APR

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