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help me please! will rate Score: 0 of 1 pt 12 of 14 (9 complete) W Score: 42.86%, 6 of 14 ... 10.3.28-BE Tutoring Question

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Score: 0 of 1 pt 12 of 14 (9 complete) W Score: 42.86%, 6 of 14 ... 10.3.28-BE Tutoring Question Help You are considering the purchase of a condominium to use as a rental property. You estimate that you can rent the condominium for $1,400 per month and that taxes, insurance, and maintenance costs will run about $400 per month. If interest rates are 6% compounded monthly, how large a 25-year mortgage can you assume and still have the rental income cover the monthly expenses? The mortgage is $ (Round to the nearest cent as needed.)

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