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Suppose you are buying your first condo for $230,000, 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 $230,000, 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 5.7% nominal interest rate, with the first payment due in one month. What will your monthly payments be? a. $1,247,86 b. 51,328,61 c. $1,618,47 d. $1.241.96 e.51,334,92

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