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ANSWER ASAP please: you take a 10-year mortgage for a house that costs $221,773. The annual interest rate on the mortgage is 3.4%.The bank requires
ANSWER ASAP please: you take a 10-year mortgage for a house that costs $221,773. The annual interest rate on the mortgage is 3.4%.The bank requires a minimum down payment of 13% of the cost of the house.The annual property tax is 1.8% of the cost of the house.The annual homeowner's insurance is $858.The monthly PMI is $81.Your other long-term debts require payments of $1,941 per month. If you make the minimum down payment, what is the minimum gross monthly salary you must earn in order to satisfy the 36% rule?
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