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You want to purchase a new condominium that costs $287,500. Your plan is to pay 25 percent down in cash and finance the balance over

You want to purchase a new condominium that costs $287,500. Your plan is to pay 25 percent down in cash and finance the balance over 15 years at 4.75 percent. What will be your monthly mortgage payment? Multiple Choice $1,677.20 $14,834 40 $1,602.95 $2.236.27
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