Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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What is the total monthly payment with monthly private mortgage insurance (PMI) and escrows for the following loan: Sale price: $150,000 Loan to value ratio: 90% Interest rate and term: 4% for 30 years Annual premium rate for PMI (paid monthly): 0.78% • Annual property tax liability and home owner's insurance premium (paid monthly): $2,250 (Input your answer rounded to the nearest whole penny and without the $ sign, e.g., 1000.01) 991
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Transcribed Image Text:What is the total monthly payment with monthly private mortgage insurance (PMI) and escrows for the following loan: Sale price: $150,000 Loan to value ratio: 90% Interest rate and term: 4% for 30 years Annual premium rate for PMI (paid monthly): 0.78% • Annual property tax liability and home owner's insurance premium (paid monthly): $2,250 (Input your answer rounded to the nearest whole penny and without the $ sign, e.g., 1000.01) 991
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