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An individual has a home that appraises for $500K, their original mortgage was $400K for 20 years @ 3% interest. The owe $3600 per year

An individual has a home that appraises for $500K, their original mortgage was $400K for 20 years @ 3% interest. The owe $3600 per year in property taxes, $120/month in PMI, $600/year in homeowners insurance and have a HOA fee of $200/month. How much is their total annual housing expense?

Group of answer choices:

$2,218.39

$34,660.68

$2,888.39

$26,620.68

$27,290.68

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