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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 S
(B) How many payment will there be?
(C) What is the interest rate per payment?
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