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QUESTION
If the Virginian Company pays off its $10 million mortgage at an annual interest rate of 9%, by monthly payments at the end of each month for 30
If the Virginian Company pays off its $10 million mortgage at an annual interest rate of 9%, by monthly payments at the end of each month for 30 years, how much interest will the company pay for the first month of the mortgage?
- 75,000
- 75,100
- 76,000
- 76,900
