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1 . Compute the interest paid on a 3 0 - year mortgage for $ 3 0 5 , 9 4 4 if the annual
Compute the interest paid on a year mortgage for $ if the annual interest rate is
Brad and Samtake a year mortgage for a house that costs $ Assume the following:
The annual interest rate on the mortgage is
The bank requires a minimum down payment of of the cost of the house.
The annual property tax is of the cost of the house.
The annual homeowner's insurance is $
There is no PMI.
If they make the minimum down payment, what will their monthly PITI be
Suppose you take a year mortgage for a house that costs $ Assume the following:
The annual interest rate on the mortgage is
The bank requires a minimumdown paymentof of the cost of the house.
The annual property tax is of the cost of the house.
The annual homeowner's insurance is $
The monthly PMI is $
If you make the minimum down payment, what is the minimum gross monthlysalary you must earn in order to satisfy the rule?
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