Old MathJax webview

Ben and Carla Manchester plan to buy a condominium. They will obtain a $205,000, 20-year mortgage at 5.5 percent. Their annua property taxes are expected to be $2,088. Property insurance is $1,548 a year, and the condo association fee is $245 a month. Ba on these items, determine the total monthly housing payment for the Manchesters. Use Exhibit 9-9. (Round time value factor to 2 decimal places and final answer to the nearest whole number.) Total monthly housing payment