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rYou are buying your first condo for $ 2 5 0 , 0 0 0 and you will make a $ 5 0 , 0

rYou are buying your first condo for $250,000 and you will make a $50,000 down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 3.25% nominal interest rate, with the first payment due in one month. What will your monthly payments be? a. $517.3 b. $1040.14O c. $838.52 d. $764.49O e. $870.41
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