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You want to buy a condo and you want to comparison shop. You have 3 different options where the rates and years go together and
- You want to buy a condo and you want to comparison shop. You have 3 different options where the rates and years go together and 3 different condos. You will put down 15% as a down payment for each and borrow the rest from a bank. Please tell me the monthly payment and the total cost for each option.
| Option 1 | Option 2 | Option 3 |
Years | 15 | 20 | 30 |
Rates | .035 | .045 | .055 |
Condos costs:
A | B | C |
450,000 | 350,000 | 395,000 |
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