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March 30, 2017

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You want to purchase a new condominium which costs $329,000. Your plan is to pay 20 percent down in cash and finance the balance over 25 years at 6.25 percent. What will be your monthly mortgage payment?

  • managerical finance - ,

    you will finance 80% of 329000 = 263200

    just plug that into your amortization formula.

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