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In buying land for expanding our operation, we are looking at a 400,000 loan, at 6% for 20 years. In looking at a loan amortization,
In buying land for expanding our operation, we are looking at a 400,000 loan, at 6% for 20 years. In looking at a loan amortization, we are wanting to look at the total interest cost over the 20 year loan. Which of the following is the total interest cost over the 20 yr period?
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