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Problem#3: Jennie Patrick purchased a home in Michigan with a mortgage of $95,000 at 5.5% for 30 years. The property taxes are $900 per year,
Problem#3: Jennie Patrick purchased a home in Michigan with a mortgage of $95,000 at 5.5% for 30 years. The property taxes are $900 per year, and the hazard insurance premium is $450. What are the a.) monthly payment (before taxes and insurance), b.) monthly taxes and insurance and, c.) the PITI payment of Jennie's loan? : b.) : c.)
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