Question
Suppose you obtain a 30-year mortgage loan of $197,000 at an annual interest rate of 8.5%. The annual property tax bill is $979 and the
Suppose you obtain a 30-year mortgage loan of $197,000 at an annual interest rate of 8.5%. The annual property tax bill is $979 and the annual fire insurance premium is $492. Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.)
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Personal Finance
Authors: Vickie L Bajtelsmit
2nd Edition
111959247X, 9781119592471
