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Best Co. wishes to buy a $5 million property so it can build a new plant. It can finance this acquisition by getting a fully

Best Co. wishes to buy a $5 million property so it can build a new plant. It can finance this acquisition by getting a fully amortizing 30-year mortgage loan at 5% interest with monthly compounding. How much will be Best Co.'s monthly payments?

A. Payment image text in transcribed 20,000

B. 20,000 image text in transcribed payment 25,000

C. 25,000 image text in transcribed payment 30,000

D. 30,000 image text in transcribed payment

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