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Current Attempt in Progress Suppose that Nike purchased a building on January 2 by signing a long - term $ 3 4 9 2 0

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Suppose that Nike purchased a building on January 2 by signing a long-term $3492000 mortgage with monthly payments of $32000. The mortgage carries an interest rate of 10 percent. The amount owed on the mortgage after the first payment will be
$3492000.
$3460000.
$3462900.
$3489100.
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