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Bill Bought an Oceanfront Condominium for $79,900, with $6,900 Down

Question 84

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Bill bought an oceanfront condominium for $79,900, with $6,900 down. Assuming an interest rate of 14 ½% for 30 years, (A)what is the monthly payment and (B)if 1 point is charged at closing, what will that be in dollars?

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A. $79,900 - $6,900 = $73,000;...

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