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You want to purchase a new condominium which costs $400,000. Your plan is to pay 20 percent down in cash and finance the balance over

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You want to purchase a new condominium which costs $400,000. Your plan is to pay 20 percent down in cash and finance the balance over 30 years at 4.0 percent. What will be your monthly mortgage payment? None of the answers is correct O $1,221.43 O $1,736.25 $1,527.73 $1,927.67

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