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Benny's Bakery Inc. recently purchased a building for $ 8 0 0 , 0 0 0 . To finance the building, they obtained a mortgage

Benny's Bakery Inc. recently purchased a building for $

800, 000 .

To finance the building, they obtained a mortgage in the full amount of $

800, 000 .

If the mortgage is to be paid off in

25

years and has a stated interest rate of

12 %,

how much are the quarterly payments?

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