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Question 11 (1.5 points) Suppose you are buying your first condo, and you will apply for a mortgage loan of $130,000 after paying off the
Question 11 (1.5 points) Suppose you are buying your first condo, and you will apply for a mortgage loan of $130,000 after paying off the down payment. You have arranged to finance the loan within a 30-year period, with monthly payment, at a 6.5% nominal interest rate, with the first payment due in one month. What will be the amount of your monthly payment? ?) $862.77 O B) $741.57 C) $905.91 e D) $821.69 E) $780.60
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