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A company plans to finance a 20-year project with a loan of $40,000,000.00 at an interest rate of 9% compounded monthly. The loan costs

A company plans to finance a 20-year project with a loan of $40,000,000.00 at an interest rate of 9% compounded monthly. The loan costs include 2.5 points, an originating fee of $35,000.00, and closing cost of $19,000.00. Calculate the required monthly payments and APR.

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