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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

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
$230,000 3.50% 25 $ $6,513 $2,156 $

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