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Sunland Company purchased a building on January 2 by signing a long-term $3768000 mortgage with monthly payments of $34500. The mortgage carries an interest rate

Sunland Company purchased a building on January 2 by signing a long-term $3768000 mortgage with monthly payments of $34500. The mortgage carries an interest rate of 10 percent. The amount owed on the mortgage after the first payment will be

$3733500.

$3768000.

$3764900.

$3736600.

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