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You want to purchase a new condominium that costs $ 3 2 5 , 0 0 0 . Your plan is to pay 2 0

You want to purchase a new condominium that costs $325,000. Your plan is to pay 20 percent down in cash and finance the balance over 15 years at 4.1 percent.
(A) What is the present value of the investment?
(B) How many payment will there be?
(C) What is the interest rate per payment?
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