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Audrey Sanborn has just arranged to purchase a $450,000vacationhome in the Bahamas with a 20 percent down payment. The mortgagehas a 7.5 percentstated annual interest

Audrey Sanborn has just arranged to purchase a $450,000vacationhome in the Bahamas with a 20 percent down payment. The mortgagehas a 7.5 percentstated annual interest rate, compounded monthly, and 2 answers

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