$213,570 at 4.75% interest and will pay $1,727 annual insurance premium. Her annual property tax will be $2,173. Find her monthly PITI payment. (Round to the nearest cent as needed.) Data table Years Annual interest rate financed 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 6.25% 6.50% 6.75% 10 9.66 9.77 9.89 10.01 10.12 10.24 10.36 10.48 10.61 10.73 10.85 10.98 11.10 11.23 11.35 11.48 12 8.28 8.40 8.51 8.63 8.76 8.88 9.00 9.12 9.25 9.37 9.50 9.63 9.76 9.89 10.02 10.15 15 6.91 7.03 7.15 7.27 7.40 7.52 7.65 7.78 7.91 8.04 8.17 8.30 8.44 8.57 8.71 8.85 17 6.26 6.39 6.51 6.64 6.76 6.89 7.02 7.15 7.29 7.42 7.56 7.69 7.83 7.97 8.11 8.25 20 5.55 5.67 5.80 5.93 6.06 6.19 6.33 6.46 6.60 6.74 6.88 7.02 7.16 7.31 7.46 7.60 22 5.18 5.31 5.44 5.57 5.70 5.84 5.97 6.11 6.25 6.39 6.54 6.68 6.83 6.98 7.13 7.28 25 4.74 4.87 5.01 5.14 5.28 5.42 5.56 5.70 5.85 5.99 6.14 6.29 6.44 6.60 6.75 6.91 30 4.22 4.35 4.49 4.63 4.77 4.92 5.07 5.22 5.37 5.52 5.68 5.84 6.00 6.16 6.32 6.49 35 3.85 3.99 4.13 4.28 4.43
$213,570 at 4.75% interest and will pay $1,727 annual insurance premium. Her annual property tax will be $2,173. Find her monthly PITI payment. (Round to the nearest cent as needed.) Data table Years Annual interest rate financed 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 6.25% 6.50% 6.75% 10 9.66 9.77 9.89 10.01 10.12 10.24 10.36 10.48 10.61 10.73 10.85 10.98 11.10 11.23 11.35 11.48 12 8.28 8.40 8.51 8.63 8.76 8.88 9.00 9.12 9.25 9.37 9.50 9.63 9.76 9.89 10.02 10.15 15 6.91 7.03 7.15 7.27 7.40 7.52 7.65 7.78 7.91 8.04 8.17 8.30 8.44 8.57 8.71 8.85 17 6.26 6.39 6.51 6.64 6.76 6.89 7.02 7.15 7.29 7.42 7.56 7.69 7.83 7.97 8.11 8.25 20 5.55 5.67 5.80 5.93 6.06 6.19 6.33 6.46 6.60 6.74 6.88 7.02 7.16 7.31 7.46 7.60 22 5.18 5.31 5.44 5.57 5.70 5.84 5.97 6.11 6.25 6.39 6.54 6.68 6.83 6.98 7.13 7.28 25 4.74 4.87 5.01 5.14 5.28 5.42 5.56 5.70 5.85 5.99 6.14 6.29 6.44 6.60 6.75 6.91 30 4.22 4.35 4.49 4.63 4.77 4.92 5.07 5.22 5.37 5.52 5.68 5.84 6.00 6.16 6.32 6.49 35 3.85 3.99 4.13 4.28 4.43
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
Related questions
Question
Susan has a 25-year home mortgage of $213,570 at 4.75% interest and will pay $1,727 annual insurance premium. Her annual property tax will be $2,173. Find her monthly PITI payment. (Round to the nearest cent as needed.)
Data table
|
Years
|
Annual interest rate
|
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
financed
|
3.00%
|
3.25%
|
3.50%
|
3.75%
|
4.00%
|
4.25%
|
4.50%
|
4.75%
|
5.00%
|
5.25%
|
5.50%
|
5.75%
|
6.00%
|
6.25%
|
6.50%
|
6.75%
|
|
10
|
9.66
|
9.77
|
9.89
|
10.01
|
10.12
|
10.24
|
10.36
|
10.48
|
10.61
|
10.73
|
10.85
|
10.98
|
11.10
|
11.23
|
11.35
|
11.48
|
|
12
|
8.28
|
8.40
|
8.51
|
8.63
|
8.76
|
8.88
|
9.00
|
9.12
|
9.25
|
9.37
|
9.50
|
9.63
|
9.76
|
9.89
|
10.02
|
10.15
|
|
15
|
6.91
|
7.03
|
7.15
|
7.27
|
7.40
|
7.52
|
7.65
|
7.78
|
7.91
|
8.04
|
8.17
|
8.30
|
8.44
|
8.57
|
8.71
|
8.85
|
|
17
|
6.26
|
6.39
|
6.51
|
6.64
|
6.76
|
6.89
|
7.02
|
7.15
|
7.29
|
7.42
|
7.56
|
7.69
|
7.83
|
7.97
|
8.11
|
8.25
|
|
20
|
5.55
|
5.67
|
5.80
|
5.93
|
6.06
|
6.19
|
6.33
|
6.46
|
6.60
|
6.74
|
6.88
|
7.02
|
7.16
|
7.31
|
7.46
|
7.60
|
|
22
|
5.18
|
5.31
|
5.44
|
5.57
|
5.70
|
5.84
|
5.97
|
6.11
|
6.25
|
6.39
|
6.54
|
6.68
|
6.83
|
6.98
|
7.13
|
7.28
|
|
25
|
4.74
|
4.87
|
5.01
|
5.14
|
5.28
|
5.42
|
5.56
|
5.70
|
5.85
|
5.99
|
6.14
|
6.29
|
6.44
|
6.60
|
6.75
|
6.91
|
|
30
|
4.22
|
4.35
|
4.49
|
4.63
|
4.77
|
4.92
|
5.07
|
5.22
|
5.37
|
5.52
|
5.68
|
5.84
|
6.00
|
6.16
|
6.32
|
6.49
|
|
35
|
3.85
|
3.99
|
4.13
|
4.28
|
4.43
|
4.58
|
4.73
|
4.89
|
5.05
|
5.21
|
5.37
|
5.54
|
5.70
|
5.87
|
6.04
|
6.21
|
Expert Solution
Step 1
monthly PITI payment consists of monthly mortgage,insurance and Tax.
Step by step
Solved in 2 steps with 1 images
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