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Island News purchased a piece of property for $ 1 . 4 3 million. The firm paid a down payment of 2 0 percent in
Island News purchased a piece of property for $ million. The firm paid a down payment of percent in cash and financed the balance. The loan terms require monthly payments for years at an APR of percent, compounded monthly. What is the amount of each mortgage payment?
Do not round intermediate calculations and round your answer to decimal places, eg
Note: You may use Excel or Google Sheets to solve this problem highly recommended
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