cost is $915 and property taxes are $2, 082 per year. Calculate their total monthly payment. REAL ESTATE AMORTIZATION TABLE TERMS IN YEARS 64% 6% 7% TERMS IN YEARS 6% 7% 8% 9% 10 11,10 11.23 11.35 11.48 11.62 11.75 11.88 12.01 12.14 12.27 12.40 12.67 10 15 8.44 8.57 8.71 8.85 8.99 9.13 9.28 9.42 9.56 9.71 9.85 10.15 15 20 7.16 7.31 7,46 7.60 7.76 7.91 8.06 8.21 8.37 8.53 8.68 9.00 20 25 6.44 6.60 6.75 6.91 7.07 7.23 7.39 7.56 7.72 7.89 8.06 8.40 25 30 6.00 6.16 6.32 6.49 6.65 6.83 7.00 7.17 7.34 7.52 7.69 8.05 30
cost is $915 and property taxes are $2, 082 per year. Calculate their total monthly payment. REAL ESTATE AMORTIZATION TABLE TERMS IN YEARS 64% 6% 7% TERMS IN YEARS 6% 7% 8% 9% 10 11,10 11.23 11.35 11.48 11.62 11.75 11.88 12.01 12.14 12.27 12.40 12.67 10 15 8.44 8.57 8.71 8.85 8.99 9.13 9.28 9.42 9.56 9.71 9.85 10.15 15 20 7.16 7.31 7,46 7.60 7.76 7.91 8.06 8.21 8.37 8.53 8.68 9.00 20 25 6.44 6.60 6.75 6.91 7.07 7.23 7.39 7.56 7.72 7.89 8.06 8.40 25 30 6.00 6.16 6.32 6.49 6.65 6.83 7.00 7.17 7.34 7.52 7.69 8.05 30
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
plz solve it within 30-40 mins I'll give you upvote
Transcribed Image Text:20. Ron and Sandy have purchased their first house. They borrowed $174, 000 for 30 years at an annual interest rate of 8.5%. Their annual insurance
cost is $915 and property taxes are $2, 082 per year.
Calculate their total monthly payment.
REAL ESTATE AMORTIZATION TABLE
TERMS
6%
6%
67%
7%
7%
81%
84%
TERMS
IN YEARS
IN YEARS
6%
7%
8%
9%
10
11.10
11.23
11.35
11.48
11.62
11.75
11.88
12.01
12.14
12.27
12.40
12.67
10
15
8.44
8.57
8.71
8.85
8.99
9.13
9.28
9.42
9.56
9.71
9.85
10.15
15
20
7.16
7.31
7.46
7.60
7.76
7.91
8.06
8.21
8.37
8.53
8.68
9.00
20
25
6.44
6.60
6.75
6.91
7.07
7.23
7.39
7.56
7.72
7.89
8.06
8.40
25
30
6.00
6.16
6.32
6.49
6.65
6.83
7.00
7.17
7.34
7.52
7.69
8.05
30
$2, 997.42
$1, 587.81
$1, 336.06
$733.08
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