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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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