Mortgage of ($ 143,900) at (5.05 %) interest for 30 years. Assessed value of the home is

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Mortgage of $\$ 143,900$ at $5.05 \%$ interest for 30 years. Assessed value of the home is $\$ 90,150$. Property taxes come to $5.88 \%$ of assessed value. Home insurance of $\$ 924$ paid every 6 months.

Find the total monthly payment including both the mortgage payment and the escrow payment.

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 30, 2024 09:02 AM

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Mortgage of ($ 143,900) at (5.05 %) interest for 30 years. Assessed value of the home is

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Contemporary Mathematics

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