1. A car is purchased for $6287.10, with $2000 down and a loan to be repaid at...
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2. You are considering the purchase of a condominium to use as a rental property. You estimate that you can rent the condominium for $1500 per month and that taxes, insurance, and maintenance costs will run about $300 per month. If interest rates are 4.8% compounded monthly, how large of a 25-year mortgage can you assume and still have the rental income cover all of the monthly expenses?
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Related Book For 
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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