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Nelson wants to open a small boutique hotel in 5 years time. The building he wants to buy for this project is worth $ 2

Nelson wants to open a small boutique hotel in 5 years time. The building he wants to buy for this project is worth $22,000,000. He knows that hell need a 15% down payment for the building. To purchase the building, Nelson pays the down payment and secures a mortgage for the remaining balance at an interest rate of 4.3% compounded semi-annually for 30 years. What are the month-end payments for the mortgage?

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