Question
Suppose you obtain a 25-year mortgage loan of $199,000 at an annual interest rate of 8.2%. The annual property tax bill is $974 and the
Suppose you obtain a 25-year mortgage loan of $199,000 at an annual interest rate of 8.2%. The annual property tax bill is $974 and the annual fire insurance premium is $487. Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.)
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Principles Of Sustainable Finance
Authors: Dirk Schoenmaker, Willem Schramade
1st Edition
0198826605, 978-0198826606
