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As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this ta (Round dollars to the nearest cent.) Amount Financed Interest Rate Term of Loan (years) Monthly PI Annual Property Tax Annual Insurance Monthly PITI $210,000 9.50% 25 X $6,573 $2,186 X Need Help? Read It
15 Interest Rate (%) 3.50 3.75 4.00 4.25 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 7.75 8.00 8.25 8.50 8.75 9.00 9.25 9.50 9.75 10.00 10.25 10.50 10.75 11.00 11.25 11.50 5 Years 18.19 18.30 18.42 18.53 18.64 18.76 18.87 18.99 19.10 19.22 19.33 19.45 19.57 19.68 19.80 19.92 20.04 20.16 20.28 20.40 20.52 20.64 20.76 20.88 21.00 21.12 21.25 21.37 21.49 21.62 21.74 21.87 21.99 Monthly Payments (Necessary to amortize a loan of $1,000) 10 20 25 30 Years Years Years Years Years 9.89 7.15 5.80 5.01 4.49 10.01 7.27 5.93 5.14 4.63 10.12 7.40 6.06 5.28 4.77 10.24 7.52 6.19 5.42 4.92 10.36 7.65 6.33 5.56 5.07 10.48 7.78 6.46 5.70 5.22 10.61 7.91 6.60 5.85 5.37 10.73 8.04 6.74 5.99 5.52 10.85 8.17 6.88 6.14 5.68 10.98 8.30 7.02 6.29 5.84 11.10 8.44 7.16 6.44 6.00 11.23 8.57 7.31 6.60 6.16 11.35 8.71 7.46 6.75 6.32 11.48 8.85 7.6 6.91 6.49 11.61 8.99 7.75 7.07 6.65 11.74 9.13 7.90 7.23 6.82 11.87 9.27 8.06 7.39 6.99 12.00 9.41 8.21 7.55 7.16 12.13 9.56 8.36 7.72 7.34 12.27 9.70 8.52 7.88 7.51 12.40 9.85 8.68 8.05 7.69 12.53 9.99 8.84 8.22 7.87 12.67 10.14 9.00 8.39 8.05 12.80 10.29 9.16 8.56 8.23 12.94 10.44 9.32 8.74 8.41 13.08 10.59 9.49 8.91 8.59 13.22 10.75 9.65 9.09 8.78 13.35 10.90 9.82 9.26 8.96 13.49 11.05 9.98 9.44 9.15 13.63 11.21 10.15 9.62 9.33 13.78 11.37 10.32 9.80 9.52 13.92 11.52 10.49 9.98 9.71 14.06 11.68 10.66 10.16 9.90 11 1075 35 Years 4.13 4.28 4.43 4.58 4.73 4.89 5.05 5.21 5.37 5.54 5.70 5.87 6.04 6.21 6.39 6.56 6.74 6.92 7.10 7.28 7.47 7.65 7.84 8.03 8.22 8.41 8.60 8.79 8.98 9.18 9.37 9.56 9.76 996 40 Years 3.87 4.03 4.18 4.34 4.50 4.66 4.82 4.99 5.16 5.33 5.50 5.68 5.85 6.03 6.21 6.40 6.58 6.77 6.95 7.14 7.33 7.52 7.71 7.91 8.10 8.30 8.49 8.69 8.89 9.08 9.28 9.48 9.68 Og 10 g 10 na