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You are considering buying a two - bedroom apartment for $ 6 0 0 0 0 0 . You plan to make a $ 1
You are considering buying a twobedroom apartment for $ You plan to make a
$ down payment and take a $year mortgage for the rest. The interest
rate on the mortgage is monthly APR.
a What is the monthly payment?
b How much do you owe the bank immediately after the twentieth monthly payment?
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