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As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI ( in $ ) , using this table
As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI in $ using this table and the monthly PITI in $ for the mortgage. Round dollars to the nearest cent. Amount Financed Interest Rate Term of Loan years Monthly PI Annual Property Tax Annual Insurance Monthly PITI $ $ Table : Monthly Payments to Amortize Principal and Interest per $ Financed Monthly Payments Necessary to amortize a loan of $ Interest Rate Years Years Years Years Years Years Years Years
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As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI in $ using this table and the monthly PITI in $ for the mortgage. Round dollars to the nearest cent.
Amount
Financed Interest
Rate Term
of Loan
years Monthly
PI Annual
Property
Tax Annual
Insurance Monthly
PITI
$ $
Table : Monthly Payments to Amortize Principal and Interest per $ Financed
Monthly Payments
Necessary to amortize a loan of $
Interest
Rate
Years
Years
Years
Years
Years
Years
Years
Years
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