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please answer a and b Your firm has taken out a $545,000 loan wth 8.9%, NPR (compounded mortity) for some cormmercial property As is common

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Your firm has taken out a $545,000 loan wth 8.9%, NPR (compounded mortity) for some cormmercial property As is common in commercial feal estate, the loan is a 5-ytar loan based on a 15-year amortication. This means that your foan poymonts will be catcutated as 4 you witl take 15 years to pay of the loan, but you actualy must do so in 5 years. To do this, you wil make 59 ecual payments a. What will your monthly payments be? b. What will your final payment be? a. What will your monthly payenents be? The montily payments wal be (Round to the nearest cant)

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