Bob Gibbs
01/08/2023 · Senior High School

23. [0/0.6 Points] DETAILS MY NOTES AUFEXC4 11.5.028. 7/100 Submissions Used Suppose you obtain a 20-year mortgage loan of \( \$ 198,000 \) at an annual interest rate of \( 8.6 \% \). The annual property tax bill is \( \$ 971 \) and the annual fire insurance premium is \( \$ 497 \). Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.) \( \$ 1850.98 \mathrm{X} \) Need Help? Read it

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The total monthly payment is approximately \$1898.34.

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