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A new set of kitchen equipment has a cost of $ 9 5 , 0 0 0 including installation. You are able to negotiate a

A new set of kitchen equipment has a cost of $95,000 including installation. You are able to negotiate a monthly mortgage with a bank with 15% down payment at 8%, for three years. What is the monthly mortgage?
Please make sure to show me the Excel function you used.

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Advanced Financial Accounting

Advanced Financial Accounting

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