K Find the total monthly payment, including taxes and insurance. Mortgage $89,070 Interest Rate 6.5% Term of Loan 20 years Annual Taxes $898 Annual Insurance $342 The total monthly payment is $ (Round to the nearest cent as needed.)

K Find the total monthly payment, including taxes and insurance. Mortgage $89,070 Interest Rate 6.5% Term of Loan 20 years Annual Taxes $898 Annual Insurance $342 The total monthly payment is $ (Round to the nearest cent as needed.)

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter7: Using Consumer Loans

Section: Chapter Questions

Problem 7FPE: Calculating interest and APR of installment loan. Assuming that interest is the only finance charge,...

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Question

K
Find the total monthly payment, including taxes and insurance.
Mortgage
$89,070
Interest Rate
6.5%
Term of Loan
20 years
Annual Taxes
$898
Annual
Insurance
$342
The total monthly payment is $
(Round to the nearest cent as needed.)

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