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What is the amount of payments estimated

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Question - Paid monthly bank loan principal amount of $2,500 plus monthly interest @ 3%, based on the loan balance owing at November 30, 2019 of $302,500. The bank loan matures on December 31, 2029.

What is the amount of payments estimated to be required in each of the next five years to meet repayment.

Reference no: EM132499079

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