Dames has a mortgage of $88,500 at 4% for 20 years. The property taxes are $3,900 per year, and the hazard insurance premium is $764.50 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

Dames has a mortgage of $88,500 at 4% for 20 years. The property taxes are $3,900 per year, and the hazard insurance premium is $764.50 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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James has a mortgage of $88,500 at 4% for 20 years. The property taxes are $3,900 per year, and the hazard insurance premium is $764.50 per year. Find the monthly PITI payment (in
$). (Round your answer to the nearest cent. Use this table as needed.)
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