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Ben and Carla Covington plan to buy a condominium. They will obtain a $230,000, 20-year mortgage at 6.0 percent. Their annual property taxes are expected
Ben and Carla Covington plan to buy a condominium. They will obtain a $230,000, 20-year mortgage at 6.0 percent. Their annual property taxes are expected to be $1,700. Property insurance is $620 a year, and the condo association fee is $260 a month. Based on these items, determine the total monthly housing payment for the Covingtons.(Round your intermediate calculations and final answer to 2 decimal places.)
Total monthly housing payment?
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