The annual insurance premium on Julie’s home is $2,074 and the annual property tax is $1,403. If her monthly principal and interest payment is $1,603, find the adjusted monthly payment including principal, interest taxes and insurance (PITI).

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter4: Gross Income
Section: Chapter Questions
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9. The annual insurance premium on Julie’s home is $2,074 and the annual property tax is $1,403. If her monthly principal and interest payment is $1,603, find the adjusted monthly payment including principal, interest taxes and insurance (PITI).

 

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