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Jackie Chiles recently bought a new condominium and took out a 30-year fixed mortgage in the amount of $250,000 with a nominal interest rate of

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Jackie Chiles recently bought a new condominium and took out a 30-year fixed mortgage in the amount of $250,000 with a nominal interest rate of 3.5%. 1. How much are Jackie's monthly payments? 2. What is the total amount Jackie will pay in interest during the first three years? 3. What will be the balance remaining on Jackie's mortgage after the first three years

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