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QUESTION 10 If you buy a $400,000 condo with 100% financing over 30 years at 10% interest per year, what will your annual payments be?

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QUESTION 10 If you buy a $400,000 condo with 100% financing over 30 years at 10% interest per year, what will your annual payments be? Assume you are allowed to make annual payments. O 42,432 O 58,989 O 88,455 O 89,560 QUESTION 11 What is the effective annual rate (EAR) for a 12% APR assuming monthly compounding? 12.2% O 12.5% 0 12.7% 12.9%

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