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Crane Company purchased a building on January 2 by signing a long-term $483000 mortgage with monthly payments of $5400. The mortgage carries an interest rate

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Crane Company purchased a building on January 2 by signing a long-term $483000 mortgage with monthly payments of $5400. The mortgage carries an interest rate of 12 percent. The amount owed on the mortgage after the first payment will be $483000.$482430.$477600$478170

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