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A restaurant company borrows $250,000 loan to buy a building for new store development?This is a 8-year loan with an interest rate of 8.4%. Mortgage

A restaurant company borrows $250,000 loan to buy a building for new store development?This is a 8-year loan with an interest rate of 8.4%. Mortgage payments are made at the end of each month starting a month from now?What is the monthly loan payment on this borrowing?

 

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