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Suppose that Ivanhoe Enterprises purchased a building on January 2 by signing a long-term $2688000 mortgage with monthly payments of $24600. The mortgage carries an
Suppose that Ivanhoe Enterprises purchased a building on January 2 by signing a long-term $2688000 mortgage with monthly payments of $24600. The mortgage carries an interest rate of 10%. The amount owed on the mortgage after the first payment will be $2665600. O $2688000. O $2685800. O $2663400.
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