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Solve the problem using the loan payoff table or an amortization table.
-A real estate company borrowed $305,000 to develop some condos. It amortized the loan to pay monthly for 4 years at 8% interest. Find the amount of each monthly payment.
Q17: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8285/.jpg" alt=" A)
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Q184: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8285/.jpg" alt=" A)419,500 B)418,500 C)417,500