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Suppose you are buying your first condo for $290,000, 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 $290,000, 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 6.1% nominal interest rate, with the first payment due in one month. What will your monthly payments be? a $1,757.38 b. 52,161.81 $1,666.49 d. $1,748.50 e $1.658.06

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