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A property is available for sale that could be financed with a fully amortizing $250,000 loan at 8% with a monthly payment over 30 years

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A property is available for sale that could be financed with a fully amortizing $250,000 loan at 8% with a monthly payment over 30 years The bullder Is offering buyers a mortgage that reduces the payment by 20% for frost and second year. After the second yea, resular payment would be made for the remainder of the loan term. What is the first-year monthly payment for boyer? 165732

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