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A couple wants to buy a house priced at $140,200. Last year, the property tax and fire insurance bills were $2,112 and $750, respectively. Neither
A couple wants to buy a house priced at $140,200. Last year, the property tax and fire insurance bills were $2,112 and $750, respectively. Neither is expected to increase significantly in the coming year. If the couple can qualify for a 30-year conventional mortgage at 8.5% annual interest, what is the total monthly bill they should expect for the mortgage, property tax, and fire insurance?
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