Question: 3. [-/12.5 Points] DETAILS BRECMBC9 14.1.014.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER James has a mortgage of $88,500 at 8% for 15 years. The

3. [-/12.5 Points] DETAILS BRECMBC9 14.1.014.MI. MY NOTES ASK YOUR TEACHER

PRACTICE ANOTHER James has a mortgage of $88,500 at 8% for 15

3. [-/12.5 Points] DETAILS BRECMBC9 14.1.014.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER James has a mortgage of $88,500 at 8% for 15 years. The property taxes are $3,900 per year, and the hazard insurance premium is $754.50 per year. Find the monthly PITI payment (in $). (Round your answer to the nearest cent. Use this table as needed.) $ Need Help? Read It Watch It Master it 10.36 35 Years 4.13 4.28 4.43 4.58 4.73 4.89 5.05 5.21 5.37 5.54 5.56 8.44 Interest Rate(%) 3.50 3.75 4.00 4.25 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 7.75 8.00 8.25 8.50 8.75 9.00 9.25 5.70 5 Years 18.19 18.30 18.42 18.53 18.64 18.76 18.87 18.99 19.10 19.22 19.33 19.45 19.57 19.68 19.80 19.92 20.04 20.16 20.28 20.40 20.52 20.64 20.76 20.88 21.00 21.12 21.25 21.37 21.49 21.62 21.74 21.87 21.99 22.12 22.24 22.37 22.50 22.63 22.75 Monthly Payments (Necessary to amortize a loan of $1,000) 10 15 20 25 30 Years Years Years Years Years 9.89 7.15 5.80 5.01 4.49 10.01 7.27 5.93 5.14 4.63 10.12 7.40 6.06 5.28 4.77 10.24 7.52 6.19 5.42 4.92 7.65 6.33 5.07 10.48 7.78 6.46 5.70 5.22 10.61 7.91 6.60 5.85 5.37 10.73 8.04 6.74 5.99 5.52 10.85 8.17 6.88 6.14 5.68 10.98 8.30 7.02 6.29 5.84 11.10 7.16 6.44 6.00 11.23 8.57 7.31 6.60 6.16 11.35 8.71 7.46 6.75 6.32 11.48 8.85 7.6 6.91 6.49 11.61 8.99 7.75 7.07 6.65 11.74 9.13 7.90 7.23 6.82 11.87 9.27 8.06 7.39 6.99 12.00 9.41 8.21 7.55 7.16 12.13 9.56 8.36 7.72 7.34 12.27 9.70 8.52 7.88 7.51 12.40 9.85 8.68 8.05 7.69 12.53 9.99 8.84 8.22 7.87 12.67 10.14 9.00 8.39 8.05 12.80 10.29 9.16 8.56 8.23 12.94 10.44 9.32 8.74 8.41 13.08 10.59 9.49 8.91 8.59 13.22 10.75 9.65 9.09 8.78 13.35 10.90 9.82 9.26 8.96 13.49 11.05 9.98 9.44 9.15 13.63 11.21 10.15 9.62 9.33 13.78 11.37 10.32 9.80 9.52 13.92 11.52 10.49 9.98 9.71 14.06 11.68 10.66 10.16 9.90 14.20 11.84 10.84 10.35 10.09 14.35 12.00 11.01 10.53 10.29 14.49 12.16 11.19 10.72 10.48 14.64 12.33 11.36 10.9 10.67 14.78 12.49 11.54 11.09 10.87 14.93 12.65 11.72 11.28 11.06 40 Years 3.87 4.03 4.18 4.34 4.50 4.66 4.82 4.99 5.16 5.33 5.50 5.68 5.85 6.03 6.21 6.40 6.58 6.77 6.95 7.14 7.33 7.52 7.71 7.91 8.10 8.30 8.49 8.69 8.89 9.08 9.28 9.48 9.68 9.88 10.08 10.29 10.49 10.69 10.90 5.87 6.04 6.21 6.39 6.56 6.74 6.92 7.10 7.28 7.47 7.65 7.84 8.03 8.22 8.41 8.60 8.79 8.98 9.18 9.37 9.56 9.76 9.96 10.16 10.35 10.55 10.75 10.95 9.50 9.75 10.00 10.25 10.50 10.75 11.00 11.25 11.50 11.75 12.00 12.25 12.50 12.75 13.00

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