Can someone please help me with this? Your organization has decided to purchase a building, for 20
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Question:
Can someone please help me with this?
- Your organization has decided to purchase a building,for 20 million dollars with yearly interest of 8% and the numbers of years to pay is 5 years
- Calculate the monthlypaymentwith a reasonable interest rate and length of time. Use the PMT formula in Excel to calculate the payment. provide the following:
Cost: ____$20 000 000
Yearly interest rate: ____ 8%
Number of years to pay off the loan: ____5 years
Monthly payment amount:?
Please provide the monthly payment amount
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