FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Jack and Jill purchase a house and finance $375,000 at 2.8% for 30 years. Their annual insurance is $1,225 and their annual property tax is $5212.
How much is their PITI payment each month? Remember, that amount includes principal, interest, property taxes and insurance. You must show the formulas with the values filled in.
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