Question

According to the calculator, by year 5, the combined payment for principal and interest will increase to approximately . By year 15, the combined payment will increase to approximately . Recall that taxes and mortgages add about $400 to the payment for principal and interest. If Demarco and Tanya’s monthly income stays the same, by year 10, their total payment will be 25% of their gross monthly income.

Answer 1

Answer:

The answers are

1. C. $836

2. C. 961

3. A. over

Step-by-step explanation:

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