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ppose the nominal rate is 7%, monthly compounding. Anne bought a condo for $600,000. She will borrow from Bank A. A 25% downpayment is required

ppose the nominal rate is 7%, monthly compounding. Anne bought a condo for $600,000. She will borrow from Bank A. A 25% downpayment is required by Bank A. Show calculations for each question below. Anne plans to get a 20-year loan. What is her monthly payment? (2 points) What is the ending balance at the end of 120th month? (3 points) What is the interest payment for the 56th month? (3 points)

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