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You want to purchase a new condominium that costs $329,000. Your plan is to pay 20 percent down in cash and finance the balance over

You want to purchase a new condominium that costs $329,000. Your plan is to pay 20 percent down in cash and finance the balance over 25 years at 6.25 percent. What will be your monthly mortgage payment?

A. $1,736.25 B. $1,833.33 C. $1,908.16 D. $2,221.43 E. $2,406.11

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