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Ben and carla plan to buy a condo. They will obtain a $ 2 2 6 0 0 0 , 2 0 year mortgate at

Ben and carla plan to buy a condo. They will obtain a $226000,20 year mortgate at 7.0 percent. Their annual property taxers are $1100. Property insurance is $660 a year and the condo association fee is $220 a month. Based on these items, determine the monthyly housing payment for the covington. Use exhibit 7-7.

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