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Suppose you are buying your first condo for $239,000 and you will make a $48,000 down payment. You have arranged to finance the remainder with

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Suppose you are buying your first condo for $239,000 and you will make a $48,000 down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 3.50% nominal interest rate, with the first payment due in one month. What will your monthly payments be? a. $779.74 b. $945.20 C. $850.48 d. $831.24 e. $857.68

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