Determine what will your monthly payments be

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Reference no: EM132003064

Suppose you are buying your first condo for $300,000 and you will make a $15,000 down payment.

You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at 6.5% nominal interest rate, with the first payment due in one month, what will your monthly payments be?

Reference no: EM132003064

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Determine what will your monthly payments be : Suppose you are buying your first condo for $300,000 and you will make a $15,000 down payment.

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