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QUESTION 7 Autumn Company purchased a building on January 2 by signing a long-term $570,000 mortgage with monthly payments of $5.400. The mortgage carries an

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QUESTION 7 Autumn Company purchased a building on January 2 by signing a long-term $570,000 mortgage with monthly payments of $5.400. The mortgage carries an interest rate of 7 percent. Calculate the mortgage interest expense for the first month tround to the nearest dollar, i.e.5.251.65 should be entered as 5.252)

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