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| rev | Admin | (Created page with "You are considering buying a two bedroom apartment in Back Bay for $600,000. You plan to make a $100,000 down payment and take out a $500,000 30-year mortgage for the rest. The interest rate on the mortgage is 8.5% monthly APR. How much do you owe the bank immediately after the 60th monthly payment? <ul class="mw-excansopts"> <li>$187,389</li> <li>$225,125</li> <li>$395,250</li> <li>$477,451</li> <li>$542,766</li> </ul> '''References''' {{cite web |url=https://alo.mi...") | Dec 4'23 at 20:39 | +713 |