Page 1 of 1
Ben and Zhang Manchester plan to buy a condominium. They will obtain a $227,000, 25-year mortgage at 7.0 percent. Their
Posted: Wed Jul 06, 2022 6:45 pm
by answerhappygod
- Ben And Zhang Manchester Plan To Buy A Condominium They Will Obtain A 227 000 25 Year Mortgage At 7 0 Percent Their 1 (18.18 KiB) Viewed 16 times
Ben and Zhang Manchester plan to buy a condominium. They will obtain a $227,000, 25-year mortgage at 7.0 percent. Their annual property taxes are expected to be $2,100. Property insurance is $924 a year, and the condo association fee is $280 a month. Based on these items, determine the total monthly housing payment for the Manchesters. (Exhibit 9-9) Note: Round time value factor to 2 decimal places and final answer to the nearest whole number. Total monthly housing payment