A firm borrows $175,000, which will be repaid in equal monthly installments at the end of each month for 4 years. A sinking fund is set up at 4.5% interesrt in order to accumulate the premium, and interest on the loan is paid at 6.6%, where both rates are compounded monthly.

A) Compute the total periodic payment B) Find the rate at which it would be less expensize to amortize the debt

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