13. Rick purchased a $90,000 home at 5.25% interest for 30 years with a down...
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13. Rick purchased a $90,000 home at 5.25% interest for 30 years with a down payment of $20,000. His real estate tax is $1,800 along with an annual insurance premium of $960. Rick's bank requires that his monthly payment include an escrow deposit for tax and insurance. What is the total payment each month for Rick? Page 587 Table 16-1
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