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Posted on Oct 20, 2024

Suppose you obtain a 3 0 - year mortgage loan of $ 1 9 4 , 0 0 0 at an annual interest rate of

Suppose you obtain a

30 -

year mortgage loan of $

194, 000

at an annual interest rate of

8.6 % .

The annual property tax bill is $

972

and the annual fire insurance premium is $

490 .

Find the total monthly payment for the mortgage, property tax, and fire insurance.

(

Round your answer to the nearest cent.

)

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