[The information presented here applies to questions 1, 2, and 3] Edie wants to borrow

$325,000

to purchase a new condominium in New York. What are her monthly payments for a fully amortizing 30-year fixed rate mortgage with a

5.5%

contract rate?

[The information presented here applies to questions 1, 2, and 3] Edie wants to borrow $325,000 to purchase a new condominium in New York. What are her monthly payments for a fully amortizing 30-year fixed rate mortgage with a 5.5% contract rate