Suppose you obtain a 20-year mortgage loan of $197,000 at an annual interest rate of 8.2%....

Suppose you obtain a 20-year mortgage loan of $197,000 at an annual interest rate of 8.2%. The annual property tax bill is $978 and the annual fire insurance premium is $491. Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.)

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Colby Messinger answered 1 year ago

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