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You are borrowing $ 56000 to buy a condo. If mortgage rates are currently at 6 percent and you take a 30-year loan with fixed

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You are borrowing $ 56000 to buy a condo. If mortgage rates are currently at 6 percent and you take a 30-year loan with fixed payments, how much will your monthly mortgage payment be, assuming you make fixed payments at the end of each month? $ 411 $ 336 $ 451 O $ 373 One year from now, you need to have $ 5600 to pay your tuition. How much do you need to invest today if you can earn 6% interest, compounded annually? $ 4093.32 $ 5283.02 O $ 4612.82 0 $ 4738.12

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