Compute how much is each payment


Hate Manufacturing is purchasing a large tract of land for a new facility. Its loan is for $3 million, and it will be paid off in 15 equal annual payments. If the interest rate is 10%, how much is each payment?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Compute how much is each payment
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