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Required information [The following information applies to the questions displayed below] On January 1,2024 , Stoops Entertainment purchases a building for $610 , 000 ,

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Required information [The following information applies to the questions displayed below] On January 1,2024 , Stoops Entertainment purchases a building for $610 , 000 , paying $110 , 000 down and borrowing the remaining $500 , 000 , signing a 9% , 15-year mortgage. Installment payments of $5 , 071.33 are due-at the end of each month, with the first payment due on January 31 , 2024 . 4. Total payments over the 15 years are $912 , 839 ( $5 , 071.33 180 monthly payments). How much of this is interest expense and how much is actual payment of the loan

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