Oprah winfrey has closed on a 42-acre estate near santa


Oprah Winfrey has closed on a 42-acre estate near Santa Barbara, California, for $49,100,000. If Oprah puts 25% down and finances at 7.5% for 30 years, what would her monthly payment be? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

Monthly payment           $   

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Financial Management: Oprah winfrey has closed on a 42-acre estate near santa
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