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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

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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 4.8% nominal annual interest rate, with the first payment due in one month. What will your monthly payments be? a. $682.06 b. $779.42 c. $821.69 d. $862.77 e. $905.91

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