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Question 2 (25 points): A company plans to finance a 20-year project with a loan of $500,000 at a nominal interest rate of 4.87% compounded

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Question 2 (25 points): A company plans to finance a 20-year project with a loan of $500,000 at a nominal interest rate of 4.87% compounded monthly. The loan costs include 2 points plus an originating fee of $600. Calculate the required monthly payments and APR

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