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Ben and Zhang Manchester plan to buy a condominium. They will obtain a $150,000,30y ear mortgage at 4 percent. Their annual property taxes are expected
Ben and Zhang Manchester plan to buy a condominium. They will obtain a $150,000,30y ear mortgage at 4 percent. Their annual property taxes are expected to be $1,800. Property insurance is $480 a year, and the condo association fee is $220 a month. Based on these items, determine the total monthly housing payment for the Manchesters. (Exhibit 9-9) Note: Round time value factor to 2 decimal places and final answer to the nearest whole number
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