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.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 18P
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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.)
Transcribed Image Text: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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