Jason Bradley purchased a $77,000 home at 8.5% for 30 years with a down payment of $15,000. His annual real estate tax is $1,692 along with an annual insurance premium of $852. Jason’s bank requires that his monthly payment include an escrow deposit for the tax and insurance. What is the total payment each month for Jason? (Round your answer to the nearest cent.)
Jason Bradley purchased a $77,000 home at 8.5% for 30 years with a down payment of $15,000. His annual real estate tax is $1,692 along with an annual insurance premium of $852. Jason’s bank requires that his monthly payment include an escrow deposit for the tax and insurance. What is the total payment each month for Jason? (Round your answer to the nearest cent.)
Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
Problem 58P
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Jason Bradley purchased a $77,000 home at 8.5% for 30 years with a down payment of $15,000. His annual real estate tax is $1,692 along with an annual insurance premium of $852. Jason’s bank requires that his monthly payment include an escrow deposit for the tax and insurance. What is the total payment each month for Jason? (Round your answer to the nearest cent.)
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT