Answer:
$2169.49
Step-by-step explanation:
The mortgage payment is ...
A = (210,000·0.95)(0.045/12)/(1 -(1 +0.045/12)^(-12·15)) ≈ 1526.16
The monthly set-aside for taxes is ...
3.5%·200,000/12 = 583.33
The monthly set-aside for insurance is ...
720/12 = 60
So the total of P&I + taxes + insurance will be ...
$1526.16 +583.33 +60.00 = $2169.49
Answer:
$38.06
Explanation:
Multiply $31.20 by 0.22 (22%)
Which equals 6.864
Add that to $31.20 and you get 38.064
Then you round it and get $38.06
