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Chelsea is buying her first condo for $200,000, and will make a $15,000 down payment. She has arranged to finance the remainder with a 30-year
Chelsea is buying her first condo for $200,000, and will make a $15,000 down payment. She has arranged to finance the remainder with a 30-year mortgage at a 4.85% nominal interest rate. This amortized loan has monthly payments, with the first payment due in one month. What will her monthly payments be? Your answer should be between 526.00 and 1462.20, rounded to 2 decimal places, with no special characters
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