Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. advance math
  3. suppose you obtain a 20-year mortgage loan of $197

Suppose you obtain a 20-year mortgage loan of $197,000 at an annual interest rate of 8.2%....

50.1K

Verified Solution

Question

Advance Math

Suppose you obtain a 20-year mortgage loan of $197,000 at anannual interest rate of 8.2%. The annual property tax bill is $978and the annual fire insurance premium is $491. Find the totalmonthly payment for the mortgage, property tax, and fire insurance.(Round your answer to the nearest cent.)

Answer & Explanation Solved by verified expert
4.2 Ratings (713 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

Solve the following system of equations y 3x 5 5x 4y 3

Finance
1.2K views

Nonconstant Growth Stock Valuation Assume that the average firm in your company's industry is expected to grow...

Chemistry
1.2K views

What happens to a halogenation reaction of a Alkene or Alkyne when the reaction is cold?

Advance Math
1.2K views

Solve y''-y=e^t(2cos(t)-sin(t)) with initial condition y(0)=y'(0)=0

Accounting
1.2K views

Question 1 4 pts The following account appears on the income statement of a merchandiser: dividends cost of goods...

Biology
1.2K views

Receptor-mediated endocytosis required the presence ofSpecialized receptor proteins on the membrane's outer surfaceActive transport pumpsProtein...

Biology
1.2K views

Natural selection changes allele frequencies O in a specific non random way Oonly if there...

Calculus
1.2K views

Suppose a student finds the following values of x and f x x If f...

Accounting
1.2K views

ABC Company's trial balance shows the following data at the end of the year: Accounts...

Accounting
1.2K views

The Isle of Palms Company (IOP), a U.S.-based entity, has a wholly owned subsidiary in...

Accounting
1.2K views

just need help finding the correct answer for B1 ...

Finance
1.2K views

For a multinational firm that has both debt and equity in its capital structure, its...