Chelsea

Chelsea Donahue has a 20-year home mortgage of $74000 at 7.50% interest and will pay a $534 annual insurance premium. Her annual property tax will be $1534. Find her monthly PITI payment.

Correct answer:

p =  768.47 USD

Step-by-step explanation:

m=20 12=240 i=7.50%=1007.50=0.075  y=534+1534=2068 USD  x=h y p o(74000,i,m)  x=596.14 USD  p=y/12+x=2068/12+596.14=768.47 USD



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