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Determine the monthly rate but not getting the formula

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Reference no: EM133234013

Select National Properties Group will finance the property loan for 30 years at 7.5% interest. If the monthly payment of a property is greater than $300,000, the company will give the buyer a 1% discount of the selling price.

I can calculate the PMT to cfor If/Then or If/Disc. Any assistance is greatly appreciated

Reference no: EM133234013

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