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Suppose you obtain a 20-year mortgage loan of $198,000 at an annual interest rate of 8.4%. Your monthly payments are $1,705.78. The annual property tax
Suppose you obtain a 20-year mortgage loan of $198,000 at an annual interest rate of 8.4%. Your monthly payments are $1,705.78. The annual property tax bill is $658 and the annual fire insurance premium is $468. Find the total monthly payment for the mortgage, property tax, and fire insurance.
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Quantitative Trading
Authors: Ernest P. Chan
2nd Edition
1119800064, 978-1119800064
