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You are going to buy a plot of land along the Missouri River near Cascade, Montana. After your down payment, you will finance the remainder

You are going to buy a plot of land along the Missouri River near Cascade, Montana. After your down payment, you will finance the remainder of the price with a $100,000, eightyear loan with monthly, beginningof month payments. Assuming an APR of 5.4%, calculate the periodic payment on the loan.

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