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1 0 . Suppose you are buying your first condo for $ 2 2 5 , 0 0 0 and you will make a 1

10. Suppose you are buying your first condo for $225,000 and you will make a 10% down payment. You have arranged to finance the remainder with a 30-year, end of the month payment amortized mortgage at a 6% interest rate, with the first payment due in one month. What will your monthly payments be?
a. $1,042.91
b.$1,289.03
c.$1,146.64
d.$1,214.09
e.$1,349.00
f.$1,079.19

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