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Suppose you are buying your first condo for $200,000. You have arranged to finance it with a 30-year, monthly payment, amortized mortgage at a 3%
Suppose you are buying your first condo for $200,000. You have arranged to finance it with a 30-year, monthly payment, amortized mortgage at a 3% nominal interest rate, with the first payment due in one month. What will your monthly payments be? (Upload an Excel sheet that shows your calculation)
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