What is the amortized fees and expenses

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Question: To purchase 2 boilers and a 2 Mega Watts turbine, your company is considering a 10- year loan of $3,000,000 with a nominal interest rate of 12%. After some evaluation, you find that this loan has an APR of 16%. What is the amortized fees and expenses that your company needs to pay each month? Round to the nearest integer.

Reference no: EM132060856

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