How many months will take to pay for the building

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Question: A building is priced at $250,000. If a down payment of $25,000 is made and a payment of $5,000 every month thereafter is required, how many months will it take to pay for the building? Interest is charged at a rate of 9% compounded monthly. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131949955

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