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a. Your company is considering the purchase of a new warehouse for $217,500. The company can borrow the money from a bank for twenty-five years

a. Your company is considering the purchase of a new warehouse for $217,500. The company can borrow the money from a bank for twenty-five years at 6% interest. How much will your monthly payments be? There is also a down payment of 20%.

b. How much will the company pay in total finance charges for the loan above?

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