Suppose you are buying your first condo for $145,000, and you will make a $15,000 down payment. You will 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 your monthly payments be?
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Suppose you are buying your first condo for $145,000, and you will make a $15,000 down payment. You...
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