Question

In: Finance

A homeowner has a mortgage payment of $998.60, an annual property tax bill of $594, and...

A homeowner has a mortgage payment of $998.60, an annual property tax bill of $594, and an annual fire insurance premium of $320. Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.)

Solutions

Expert Solution

Total monthly payment for the mortgage, property tax, and fire insurance=998.60+(594+320)/12=1074.7667


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