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Your family plans to buy their first home worth exist800,000. You put a 20% down payment and finance the remainder with a 30 year mortgage

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Your family plans to buy their first home worth exist800,000. You put a 20% down payment and finance the remainder with a 30 year mortgage with a fixed 5% interest rate. What is your total actual monthly cost of investment for the first month assuming you pay annual real estate taxes of rate exist15,000, annual insurance expense of exist1, 200, receive a monthly rent of exist2,000, and the current tax is 30%? A) exist12, 104.96 B) exist2, 479.96 C) exist6, 479.69 D) exist1.379.96

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