Question: On January 1 , 2 0 2 4 , Stoops Entertainment purchases a building for $ 4 8 0 , 0 0 0 , paying
On January Stoops Entertainment purchases a building for $ paying $ down and borrowing the remaining $ signing anyear mortgage. Installment payments of $ are due at the end of each month, with the first payment due on January
Total payments over the years are $$ monthly payments How much of this is interest expense and how much is actual payment of the loan? Round your final answers to the nearest whole dollar amount.
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