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Hello, please show all work for this two-part question. Thank you! 19. Your company takes out a 8 -year term loan to borrow $3,600,000 to

Hello, please show all work for this two-part question. Thank you!

19. Your company takes out a 8 -year term loan to borrow $3,600,000 to finance a building expansion. The annual interest rate on the loan is 6.7% and equal payments are made monthly. How much will the monthly payment be

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