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You want to purchase a new condominium which costs $480,000. 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 $480,000. Your plan is to pay 20 percent down in cash and finance the balance over 30 years at 3.0 percent. What will be your monthly mortgage payment? $1,527.73 None of the answers is correct $2,040.77 $960.00 O $1,618.96

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