Question: Challenge Problem 1 8 - 2 4 ( Algo ) [ LU 1 8 - 1 ( 2 ) ] Rick Rueta purchased a $

Challenge Problem 18-24(Algo)[LU 18-1(2)]
Rick Rueta purchased a $76,000 home at 338% for 30 years with a down payment of $25,000. His annual real estate tax is $1,680 along with an annual insurance premium of $840. Rick's bank requires that his monthly payment include an escrow deposit for the tax and insurance. What is the total payment each month for Rick? (Use Table 18.1.)
Note: Round your answer to the nearest cent.
Total monthly payment
Challenge Problem 1 8 - 2 4 ( Algo ) [ LU 1 8 - 1

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