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Suppose you obtain a 20-year mortgage loan of $196,000 at an annual interest rate of 7.9%. The annual property tax bill is $978 and the

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Suppose you obtain a 20-year mortgage loan of $196,000 at an annual interest rate of 7.9%. The annual property tax bill is $978 and the annual fire insurance premium is $494. Find the total monthly payment for the mortgage, property tax, and re insurance. (Round your answer to the nearest cent.) $

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