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Help, will leave a like! Ben and Carla Covington plan to buy a condominhum. They will obtain a $222.000, 30 yeat mortgage at 5.5 percent.

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Ben and Carla Covington plan to buy a condominhum. They will obtain a $222.000, 30 yeat mortgage at 5.5 percent. Their anruat property taxes are expected to be $1,900. Property insurance is $500 a year and the condo association fee is $230 a month. Rased on these items, determine the total monthly housing payment for the Covingtons. Use Exhibitze (Round your intermediate calculations and final answer to 2 decimol places.) Answer is complete but not entirely correct. Exhibit 7-7 Mortgage Payment Factors (principal and interest factors per $1,000 of loan amount)

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