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14. A couple has decided to purchase in beach condominium as an investment property. The condo has a purchase price of $360,000, and the couple

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14. A couple has decided to purchase in beach condominium as an investment property. The condo has a purchase price of $360,000, and the couple will pay 20% down. The couple will then finance the remainder of the purchase price with a mortgage. The terms are 3.6% APR (with monthly compounding) for 30 years of monthly payments. What is the monthly payment for the mortgage

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