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Your friend is buying a condo for $180,000. She is planning on making a $15,000 down payment. She arranged to finance the remainder with a
Your friend is buying a condo for $180,000. She is planning on making a $15,000 down payment. She arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6.5% nominal interest rate, with the first payment due in one month. What will her monthly payments be?
A). $792.61
B). $886.48
C). $1,251.19
D). $855.19
E). $1,042.91
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