Question: You are buying your first condo for $ 2 5 0 , 0 0 0 and you will make a $ 5 0 , 0

You are buying your first condo for $250,000 and you will make a $50,000 down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 2.25% nominal
a. $838.52
b. $850.48
c. $764.49
d. $517.3
e. $1040.1

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