Question
Suppose you obtain a 20 -year mortgage loan of $192,000 at an annual interest rate of 8.7% . The annual property tax bill is $978
Suppose you obtain a20-year mortgage loan of$192,000at an annual interest rate of8.7%. The annual property tax bill is$978and the annual fire insurance premium is$486. Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.)
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Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
