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(Solved): The Savoias bought an investment property valued at $160 000.00 by paying 25% down and mortgaging th ...



The Savoias bought an investment property valued at $160 000.00 by paying 25% down and mortgaging the balance over 25 years through equal monthly payments at 6% compounded monthly. What was the size of the monthly payments?


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Answer: So, the size of the monthly payments for the Savoias’ mortgage was $773.02.



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