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You purchase an investment property for $150,000, make $30,000 in repairs, and then refinance the loan. You agree to a 15 year loan at 2.5%
You purchase an investment property for $150,000, make $30,000 in repairs, and then refinance the loan. You agree to a 15 year loan at 2.5% interest on the unpaid balance. What will be the amount of each monthly principle and interest payment?
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