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Time left 1:57:26 Solve the problem. Monthly Payment per $1000 of Mortgage The Jacksons' gross monthly income is $8000. They have 15 remaining payments
Time left 1:57:26 Solve the problem. Monthly Payment per $1000 of Mortgage The Jacksons' gross monthly income is $8000. They have 15 remaining payments of $315 on a new car and 3 remaining payments of $74 on a washer and dryer. The taxes and insurance on the house are $135 per month. What maximum monthly payment does the bank's loan officer feel that the Jacksons can afford? Monthly Payment Interest 15-year 20-year 25-year 30-year rate 1oan loan loan loan 9.5% $10.45 $9.33 $8.73 $8.41 10.0% $10.75 $9.66 $9.09 $8.78 10.5% $11.06 $9.99 $9.45 $9.15 11.0x $11.37 $10.33 $9.81 $9.53 11.5% $11.69 $10.66 $10.16 $9.90 12.0% $12.01 $11.01 $10.53 $10.29 12.5K $12.33 $11.36 $10.90 $10.67 13.0% $12.66 $11.72 $11.28 $11.06 Select one: a. $2305.50 b. $2240.00 c. $2131.08 d. $2151.80
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