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Your firm has taken out a $525,000 loan with 14 APR compounded monthly) for some commercial property As a common in commercial real estate the

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Your firm has taken out a $525,000 loan with 14 APR compounded monthly) for some commercial property As a common in commercial real estate the loan is a 5 year loan based on a 15-year amortization. This means that your loan payments will be calculated as you will take 15 years to pay of the loan, but you actually musl do so in 5 years to do this, you will make 59 equal payments based on the 15 year amortization schedule and then make a final Goth payment to pay the remaining balance Note Be careful not to round any intermediate steps less than se decimal places) a. What will your monthly payments be? b. What will your final payment be? a. What will your monthly payments be? The monthly payments will be 5 (Round to the nearest cant)

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