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Suppose you are buying your first condo for $190,000, and you will make a $15,000 down payment. You have arranged to finance the remainder with

Suppose you are buying your first condo for $190,000, 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 7.0% nominal interest rate, with the first payment due in one month. What will your monthly payments be?

a. $1,506.94 b. $1,256.74 c. $1,164.28 d. $1,264.07 e. $1,157.53

PLEASE ANSWER ASAP

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