43. What is the monthly payment on a $53,000 mortgage payable over 25 years at 8 1/2% interest rate? The Per 1,000 Factor is 8.06; the annual property taxes are $1,750; the annual property insurance premium is $380; and the payment will be to PITI. A $595.67 B. $580.50 C. $604.68 D. $689.48

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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43. What is the monthly payment on a $53,000 mortgage payable over 25 years at 8 1/2 % interest rate? The Per 1,000 Factor is
8.06; the annual property taxes are $1,750; the annual property insurance premium is $380; and the payment will be to PITI.
A. $595.67
B. $580.50
C. $604.68
D. $689.48
Transcribed Image Text:43. What is the monthly payment on a $53,000 mortgage payable over 25 years at 8 1/2 % interest rate? The Per 1,000 Factor is 8.06; the annual property taxes are $1,750; the annual property insurance premium is $380; and the payment will be to PITI. A. $595.67 B. $580.50 C. $604.68 D. $689.48
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