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Suppose you obtain a 25-year mortgage loan of $193,000 at an annual interest rate of 8.4%. The annual property tax bill is $974 and the
Suppose you obtain a 25-year mortgage loan of $193,000 at an annual interest rate of 8.4%. The annual property tax bill is $974 and the annual fire insurance premium is $488. Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.)
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
