Suppose you are buying your first house for $210,000, and are making a $20,000 down payment. You

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Suppose you are buying your first house for $210,000, and are making a $20,000 down payment. You have arranged to finance the remaining amount with a 30-year, monthly payment, amortized mortgage at a 6.5% nominal interest rate. What will your equal monthly payments be?

I need the answer with explanation , I do not need the equation.

Posted Date: May 18, 2024 09:14 AM

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Suppose you are buying your first house for $210,000, and are making a $20,000 down payment. You

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