Benny's Bakery Inc. recently purchased a building for $800,000.To finance the building, they obtained a...

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Accounting

Benny's Bakery Inc. recently purchased a building for $800,000.To finance the building, they obtained a mortgage in the full amount of $800,000. If the mortgage is to be paid off in 25 years and has a stated interest rate of 12%, how much are the quarterly payments?

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