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Regent Supply wants to build a new office building. The firm has budgeted monthly payments of $26,000 for 25 years at 7.8 percent, compounded monthly.

Regent Supply wants to build a new office building. The firm has budgeted monthly payments of $26,000 for 25 years at 7.8 percent, compounded monthly. Based on this budget, how much can the firm afford to borrow to build the building?

$23,219,414

$3,427,301

$3,6666,667

$4,028,407

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