The Korean community is planning to buy a place for their community in Markham valued at $1 697 000. They made a down payment of 10% and payments of $400 000 are required at the end of every 3 months. If interest is 9% compounded monthly, what is the size of the final payment
A) $15 685
B) $205 512
C) $131 373
D) $355 547
E) $48 381
Correct Answer:
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