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8.3 Underwater Mortgages. Bernie Madeoff pays $240,000 for a new four-bedroom 2,400-square-foot home outside Tonopah, Nevada. He plans to make a 20% down payment, but

8.3 Underwater Mortgages. Bernie Madeoff pays $240,000 for a new four-bedroom 2,400-square-foot home outside Tonopah, Nevada. He plans to make a 20% down payment, but is having trouble deciding whethe...

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