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ABC Printing Company has just signed on the dotted line to buy a building worth 200.000 to house its operations. ABC Printing paid 10.000 down
ABC Printing Company has just signed on the dotted line to buy a building worth 200.000 to house its operations. ABC Printing paid 10.000 down and must finance (borrow) the remaining 190.000. The bank will loan the firm money at 8% APR, but has an option to make annual payments or monthly payments on the loan. Both options have a thirty-year payment schedule. What are the mortgage payments under the two different plans
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