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Suppose you are buying your first condo for $216,592, and you will make a $33,363 down payment. You have arranged to finance the remainder with
Suppose you are buying your first condo for $216,592, and you will make a $33,363 down payment. You have arranged to finance the remainder with a 23-year, monthly payment, amortized mortgage at a 3.5% nominal interest rate, with the first payment due in one month. What will your monthly payments be?
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