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Business, 07.06.2020 04:00 jose0765678755
Ben and Carla Covington plan to buy a condominium. They will obtain a $221,000, 30-year mortgage at 5.0 percent. Their annual property taxes are expected to be $1,850. Property insurance is $490 a year, and the condo association fee is $225 a month. Based on these items, determine the total monthly housing payment for the Covingtons. Use Exhibit 7-7. (Round your intermediate calculations and final answer to 2 decimal places.)
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Ben and Carla Covington plan to buy a condominium. They will obtain a $221,000, 30-year mortgage at...
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