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Urban Site Engineering constructed a small office building for their firm 5 years ago. They financed it with a bank loan for $450,000 over 15

Urban Site Engineering constructed a small office building for their firm 5 years ago. They financed it with a bank loan for $450,000 over 15 years at 6% interest with quarterly payments and compounding.The loan can be repaid at any time without penalty.The loan can be refinanced through an insurance firm for 4% over 20 years

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