Question: Curtis bought a condominium for $319 000 and made a down payment of $64 000. The annual interest ratefor a five-year fixed rate mortgage is

Curtis bought a condominium for $319 000 and made a down payment of $64 000. The annual interest ratefor a five-year fixed rate mortgage is 5.49%. Determine the monthly payment for a 25-year amortization period.

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