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REVIEW FOR FINAL NO QUESTIONS LEFT These three questions are from the same subject The answers for these questions are C for the first one,
REVIEW FOR FINAL
NO QUESTIONS LEFT
These three questions are from the same subject
The answers for these questions are C for the first one, C for the second part ,and A for the third part
Please explain in detail how these answers are determined and why the are what they are
Time Value of Money Suppose you are buying your first condo for $145,000, and you will make a $15,000 down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6.5% nominal interest rate. with the first payment due in one month hat will your monthly payments be? a. $741.57 b. $780.60 c. $821.69 d. $862.77 e. $905.91 19
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