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26-10-2020
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2. You are interested in buying a 2-bedroom condo in Boston. The price is $300,000. You have a 30-year 3% APR mortgage with 20% down payment. (1) What would be the monthly mortgage payment

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27-10-2020

Answer:

Explanation:

Loan amount = 300000 - 60000

= $240000

APR = 3 %

duration of loan = 30 years

monthly instalment from table = $ 1011.85

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