Question 18 (1 point) Tarantino Builders is planning to open a new office in tri-cities...
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Question 18 (1 point) Tarantino Builders is planning to open a new office in tri-cities region. It plans to purchase a new office building in Bristol 3 years from now for $320000. At the time of purchase, it will borrow $170000 from the First National Bank and use its own cash reserve for the rest. The interest rate is 6% per year. If the company intends to pay back the loan ($170000) in 10 years from the time of purchase, how much annual payment the company would need to make starting a year from the time of purchase? Round your answer to the nearest dollar value. Your
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