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Business, 21.01.2020 20:31 WonTonBagel
Alandlord wants to acquire an additional apartment building for $250,000. the new building contains eight apartment units, which will each rent for $500 per month. the bank is willing to loan the landlord the money for a long-term, 30-year loan at a 5.5 percent interest rate. calculate the monthly payment and explain whether taking this loan for the new building is a smart business decision.
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Alandlord wants to acquire an additional apartment building for $250,000. the new building contains...
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