Aero Manufacturing needs more space. It desires to purchase a building. It has been offered the...
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Aero Manufacturing needs more space. It desires to purchase a building. It has been offered the following terms from the seller of the building. 30 year term, with monthly payments, secured by a mortgage on the building The implicit interest rate is 6% The present value of the building is $900,000. How much is Aero's monthly payment to the selter? (ignore any taxes, fees, or insurance) Your Answer: Aero Manufacturing needs more space. It desires to purchase a building. It has been offered the following terms from the seller of the building. 30 year term, with monthly payments, secured by a mortgage on the building The implicit interest rate is 6% The present value of the building is $900,000. How much is Aero's monthly payment to the selter? (ignore any taxes, fees, or insurance) Your Answer:
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