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Ubiquitous Advertising Associates fi nanced its new office building with a 1 0 - year loan on which payments of $ 3 , 1 4

Ubiquitous Advertising Associates fi nanced its new office building with a 10-year loan on which payments of $3,142.00 are due at the beginning of each month. The interest rate of the loan is 8.1%. How much did the company borrow

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