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Ben and Carla Manchester plan to buy a condominium They will obtain a 210 000 20 year mortgage at 8 0 percent Their annual property
Ben and Carla Manchester plan to buy a condominium They will obtain a 210 000 20 year mortgage at 8 0 percent Their annual property taxes are expected to be 2 676 Property insurance is 1 296 a year and the condo association fee is 115 a month Based on these items determine the total monthly housing payment for the Manchesters Use Exhibit 9 9 Do not round intermediate calculations Round time value factor to 2 decimal places and final answer to the nearest whole dollar Total monthly housing payment
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