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Posted on Aug 14, 2024

In order to finance the purchase of new premises, your company decides to enter in a 1 1 - year mortgage with a local bank.

In order to finance the purchase of new premises, your company decides to enter in a

11 -

year mortgage with a local bank. The amount required is equal to

250, 000 .

euro. The bank is ready to offer you an interest rate equal to

5.1 % .

How much is the monthly payment on this mortgage?

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