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I am planning to buy the hotel. The owner says I can buy it for a down payment of $100,000 and monthly payments of $25000
I am planning to buy the hotel. The owner says I can buy it for a down payment of $100,000 and monthly payments of $25000 for five years. Money is 9% compounded quarterly. How much interest is she charging me? No decimal places. This is a business math question btw, so its not as simple as it seems. please show steps. Thank you!
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