This branch approved the mortgage. Taxes are $333 a month and heating is estimated at $125. They currently have $6,500 in a joint savings account at the branch. Both of them contributes to an RRSP. Jesiah has clear title to some undeveloped property 80 miles west of Edmonton he inherited a few years ago. It is currently valued at $47,500. Eventually Jesiah would like to build a cabin on the property but realizes that this is a long term-goal. Jesiah pays about $40 a month on the taxes. Cassandra also has recently received an expensive painting from her grandmother valued at $17,500 with a certificate of authenticity.

Jesiah, 29, has been working for RV World for 6 years. He grosses $107,940 annually as lead Heavy Duty Mechanic, much of this is overtime income. Jesiah has provided his Notice of Assessments for his income verification as you has requested (see attached).Cassandra, 25, is in her last year at the U of A. Cassandra works part-time at the U of A bookstore as a cashier she has provided a salary letter, she grosses approximately $17,160 per year. Her manager informed her she was going to receive a 5% increase next month.

16 months ago Jesiah bought a Tundra for $57,500 and financed it with a loan (from a competitor) for $51,800 at 7.81% for 7 years compounded monthly.

What is the monthly truck payment?

What is the balance owing today for the truck?