What are the firms monthly payments to the bank

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A trucking firm purchased two B-train trucks for exist325 000. It paid 20% as a down payment and obtained a bank loan for the rest. The loan has a nominal interest rate of 12% compounded daily with a 10-year amortization period. The loan term is 10 years. What are the firms monthly payments to the bank?

Reference no: EM131576792

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