Craig hammer purchased a new condominium

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Reference no: EM13714316

Craig Hammer purchased a new condominium for $225,000. The bank required a $30,000 down payment. Assuming a rate of 8% on a 25-year mortgage, Craig's monthly payment is (use the table in the handbook):

$1,431.30

$1,413.30

$1,505.40

$1,505.04

None of these

Reference no: EM13714316

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