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Joe Francis purchased a new condominium for $205,000. The bank required a $40,000 down. Assuming a rate of 8 1/2 percent on a 25 year

Joe Francis purchased a new condominium for $205,000. The bank required a $40,000 down. Assuming a rate of 8 1/2 percent on a 25 year mortgage, Joe's monthly payment is: (Use the table in the handboo

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