--------------- Please Solve As soon as Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir

Question 6. Your friend has decided to buy small business and is going to finance the purchase with seller financingthat is, a loan from the current owners of the agency. The loan will be for $2.000.000 financed at a 7 % nominal annual interest rate. Sterling will pay off the loan over five years with end-of-month payments along with a $500,000 lump-sum payment at the end of Year 5. That is, the $2 million loan will be paid off with monthly payments, and there will be a final payment of S500,000 at the end of the final month. How much will the monthly payments be? (10 Marks)