Find the total monthly payment, including taves and insurance, for the given mortgage loan using the...
Fantastic news! We've Found the answer you've been seeking!
Transcribed Image Text:
Find the total monthly payment, including taves and insurance, for the given mortgage loan using the table. Calculator answers may be sightly different. (Round your answer te henearst oent) Annual Time (Years) Annual Insurance Amount Rate Taxes $70,000 25 $1200 $900 Monthly Payments (Principal and Interest) for Each $1000 Borrowed Payment Period Interest 10 15 20 25 30 Rate (%) Years Years Years Years Years 5 10.61 7.91 6.60 5.85 5.37 10.85 8.17 6.88 6.14 5.68 11.10 8.44 7.16 6.44 6.00 11.36 8.71 7.46 6.75 6.32 11.60 8.97 7.75 7.05 6.64 11.86 9.26 8.04 7.37 6.98 8 12.12 9.54 8.35 7.70 7.32 12.38 9.83 8.66 8.04 7.67 12.67 10.14 9.00 8.39 8.05 9 12.94 10.44 9.32 8.74 8.41 10 13.22 10.75 9.65 9.09 8.78 10 13.49 11.05 9.98 9.44 9.15 11 13.78 11.37 10.32 9.80 9.52 11 14.06 11.68 10.66 10.16 9.90 12 14.35 12.00 11.01 10.53 10.29 12 14.64 12.33 11.36 10.90 10.67 13 14.93 12.65 11.72 11.28 11.06 13 15.23 12.98 12.07 11.66 11.45 14 15.53 13.32 12.44 12.04 11.85 14 15.83 13.66 12.80 12.42 12.25 15 16.13 14.00 13.17 12.81 12.64 15 13.54 13.20 13.05 16.44 14.34 16 16.75 14.69 13.91 13.59 13.45 16 15.04 13.98 13.85 17.06 14.29 17.38 15.39 14.67 14.38 14.26 Find the total monthly payment, including taves and insurance, for the given mortgage loan using the table. Calculator answers may be sightly different. (Round your answer te henearst oent) Annual Time (Years) Annual Insurance Amount Rate Taxes $70,000 25 $1200 $900 Monthly Payments (Principal and Interest) for Each $1000 Borrowed Payment Period Interest 10 15 20 25 30 Rate (%) Years Years Years Years Years 5 10.61 7.91 6.60 5.85 5.37 10.85 8.17 6.88 6.14 5.68 11.10 8.44 7.16 6.44 6.00 11.36 8.71 7.46 6.75 6.32 11.60 8.97 7.75 7.05 6.64 11.86 9.26 8.04 7.37 6.98 8 12.12 9.54 8.35 7.70 7.32 12.38 9.83 8.66 8.04 7.67 12.67 10.14 9.00 8.39 8.05 9 12.94 10.44 9.32 8.74 8.41 10 13.22 10.75 9.65 9.09 8.78 10 13.49 11.05 9.98 9.44 9.15 11 13.78 11.37 10.32 9.80 9.52 11 14.06 11.68 10.66 10.16 9.90 12 14.35 12.00 11.01 10.53 10.29 12 14.64 12.33 11.36 10.90 10.67 13 14.93 12.65 11.72 11.28 11.06 13 15.23 12.98 12.07 11.66 11.45 14 15.53 13.32 12.44 12.04 11.85 14 15.83 13.66 12.80 12.42 12.25 15 16.13 14.00 13.17 12.81 12.64 15 13.54 13.20 13.05 16.44 14.34 16 16.75 14.69 13.91 13.59 13.45 16 15.04 13.98 13.85 17.06 14.29 17.38 15.39 14.67 14.38 14.26
Expert Answer:
Answer rating: 100% (QA)
The total monthly payment will be given by the sum of the mortgage monthly payment monthly tax payme... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
Given an affordable monthly mortgage payment of $650 and a mortgage interest rate of 9 percent on a 30-year loan, what is the size of the affordable mortgage? Given this affordable mortgage, and a 10...
-
The average monthly mortgage payment including principal and interest is $982 in the United States. If the standard deviation is approximately $180 and the mortgage payments are approximately...
-
The formula gives the monthly mortgage payment M on a home loan of P dollars at interest rate r, where n is the total number of payments (12 times the number of years). The cost of a house is...
-
Write short note on context switch
-
Using the graph of the function g(x), sketch a graph of the shifted or scaled function, say which kind of shift or scale it is, and compare with the original function. g(x) - l 1.5 0.5 -5-4-3-2-1...
-
For what numbers x, -2 x 2, does csc x = 1? For what numbers x does csc x = -1? If necessary, refer to the graphs to answer each question.
-
Cloud Cover in San Francisco Often, the same dataset can be visualized in many different ways. Figure 2.99 shows two different visualizations of San Francisco's typical cloud cover (as a percent of...
-
An importer of childrens toys, Fun N Games, Inc., receives a price quotation from a German toy maker offering toy train sets: KBG train sets. Locomotive. Four cars. Transformers. Thirty pieces of...
-
Required information Exercise 13-10 (Algo) Small stock dividend LO P2 (The following information applies to the questions displayed below.] The stockholders' equity section of TVX Company on February...
-
A cylindrical specimen of aluminum having a diameter of 0.505 in. (12.8 mm) and a gauge length of 2.000 in. (50.800 mm) is pulled in tension. Use the load?elongation characteristics tabulated below...
-
List down at least 2 resources required to meet the SMART goal/strategies. Explain the reasons of using these resources
-
What is the objective of the technical feasibility test?
-
What are the four categories of feasibility tests, and what is the criteria each of them uses to measure feasibility?
-
What should be done to follow up the formal presentation?
-
What process model is used to document the scope for an information system, and what is depicted in this process model?
-
What are the advantages and disadvantages of presentations?
-
What types of questions can be answered by analyzing financial statements?
-
A cone with base radius r and vertex in contact with the surface of a sphere is constructed inside a sphere, as shown in the figure. The radius of the sphere is R = 9 in. (a) Create a polynomial...
-
A tracking radar antenna is locked on an airplane flying at a constant altitude of 5 km, and a constant speed of 540 km/h. The airplane travels along a path that passes exactly above the radar...
-
The flow Q (m3/s) in a rectangular channel is given by the Manning's equation: where d is the depth of water (m), w is the width of the channel (m), S is the slope of the channel (m/m), n is the...
-
Why is it important to talk about selling solutions instead of products or services? How does selling solutions further the success of a relationship-selling approach?
-
Has transactional selling gone the way of the dinosaur? That is, are there ever any situations in which a transactional approach to selling would be an appropriate approach today? If so, what are...
-
When a firm shifts from transactional selling to a value-added approach, a number of changes have to take place in the way a salesperson approaches customers as well as his or her own job. List as...
Study smarter with the SolutionInn App