Question: [Note: The information presented here applies to questions 9 - 13] Edie wants to borrow $315,000 to purchase a new condominium in New York. What
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[Note: The information presented here applies to questions 9 - 13] Edie wants to borrow $315,000 to purchase a new condominium in New York. What are her monthly payments for a fully amortizing 30 -year fixed rate mortgage with a 4.5% contract rate? Question 10 1 pts How much of her first payment goes towards repaying the amount borrowed? Question 11 1pts How much of her thirteenth payment goes towards repaying the amount borrowed? Question 12 1 pts What are her monthly payments for a partially amortizing 30 -year fixed rate mortgage with a 4.5% contract rate which requires a balloon payment of $200,000 at maturity
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