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Suppose you are buying your first home for $145,000, and you have $15,000 for your down payment. You have arranged to finance the remainder with
- Suppose you are buying your first home for $145,000, and you have $15,000 for your down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6.5% nominal interest rate, with the first payment due in one month. What will your monthly payments be?
Group of answer choices
$741.57
$862.77
$821.69
$780.60
$905.91
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