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How much will the investors still have to pay after 5 years

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A group of investors purchased a condominium complex for $2 million. they an initial down payment of 10% and obtained financing for the balance. the loan is to be amortized over 15 years at an interest rate of 12% per year compounded quarterly. How much will the investors still have to pay after 5 years( that is after making 20 payments).

Reference no: EM131099711

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