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As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, P1 (in $), using this table and the monthly

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As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, P1 (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 $290,000 9.50% 25 $ $6,543 $2,126 5

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