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ABUVER IS CONSIDERERING THE PURCHASE OF AN INCOME PROPERTY. THE PROPOSED SELLING PRICE IS 1670,000, THE BUYER HAS OBTAINED A MORGAGE FROM A BANK THAT

ABUVER IS CONSIDERERING THE PURCHASE OF AN INCOME PROPERTY. THE PROPOSED SELLING PRICE IS 1670,000, THE BUYER HAS OBTAINED A MORGAGE FROM A BANK THAT HAS INFORMED HIM THAT THE
LOAN RATIO FOR SUCH A PURCHASE IS 75% WITH A MNTHLY LOAN CSTANT OF 0.013996 AND A 15 YEAR TERM. WHAT WILL THE BUYERS DOWN PAYMENT AND ANNUAL DEBT SERVICE BE BE RESPECTIVELY?

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