Suppose you obtain a 20-year mortgage loan of $195,000 at an annual interest rate of 8.7%. The

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Suppose you obtain a 20-year mortgage loan of $195,000 at an annual interest rate of 8.7%. The annual property tax bill is $972 and the annual fire insurance premium is $492. Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.)

Posted Date: May 18, 2024 08:03 PM

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Suppose you obtain a 20-year mortgage loan of $195,000 at an annual interest rate of 8.7%. The

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