Calculating the Monthly Housing Payment. Ben and Carla Manchester plan to buy a condominium. They will obtain
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Calculating the Monthly Housing Payment. Ben and Carla Manchester plan to buy a condominium. They will obtain a
$150,000, 30-year mortgage at 6 percent. Their annual property taxes are expected to be $1,800. Property insurance is $480 a year, and the condo association fee is $220 a month. Based on these items, determine the total monthly housing payment for the Manchesters.
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