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Please Help ASAP!Thank you!!!!!! Your cousin will sell you his coffee shop for $300,000, with seller financing, at a 6.0% nominal annual rate. The terms
Please Help ASAP!Thank you!!!!!!
Your cousin will sell you his coffee shop for $300,000, with "seller financing," at a 6.0% nominal annual rate. The terms of the loan would require you to make 12 equal end-of-month payments per year for 4 years, and then make an additional final (balloon) payment of $75,000 at the end of the last month. What would your equal monthly payments beStep by Step Solution
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