Amf corporation is considering the purchase of a, Financial Management

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Amf corporation is considering the purchase of a

AMF Corporation is considering the purchase of a warehousing facility. AMF plans to finance this by borrowing the entire purchase price of the warehouse at a 10% annual interest rate for 20 years. If the purchase price of the warehouse is $200,000, what is AMF's annual loan payment? Assume that the first payment occurs one year after the purchase date.

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