As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest...


As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest<br>cent.)<br>Term<br>Annual<br>Amount<br>Interest<br>Monthly<br>Annual<br>Monthly<br>of Loan<br>Property<br>Тax<br>Financed<br>Rate<br>PI<br>Insurance<br>PITI<br>(years)<br>$210,000<br>3.50%<br>25<br>$6,513<br>$2,126<br>%24<br>

Extracted text: As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.) Term Annual Amount Interest Monthly Annual Monthly of Loan Property Тax Financed Rate PI Insurance PITI (years) $210,000 3.50% 25 $6,513 $2,126 %24
Monthly Payments<br>(Necessary to amortize a loan of $1,000)<br>Interest<br>5<br>10<br>15<br>20<br>25<br>30<br>35<br>40<br>Rate (%)<br>Years<br>Years<br>Years<br>Years<br>Years<br>Years<br>Years<br>Years<br>3.50<br>18.19<br>9.89<br>7.15<br>5.80<br>5.01<br>4.49<br>4.13<br>3.87<br>3.75<br>18.30<br>10.01<br>7.27<br>5.93<br>5.14<br>4.63<br>4.28<br>4.03<br>4.00<br>18.42<br>10.12<br>7.40<br>6.06<br>5.28<br>4.77<br>4.43<br>4.18<br>4.25<br>18.53<br>10.24<br>7.52<br>6.19<br>5.42<br>4.92<br>4.58<br>4.34<br>4.50<br>18.64<br>10.36<br>7.65<br>6.33<br>5.56<br>5.07<br>4.73<br>4.50<br>4.75<br>18.76<br>10.48<br>7.78<br>6.46<br>5.70<br>5.22<br>4.89<br>4.66<br>5.00<br>18.87<br>10.61<br>7.91<br>6.60<br>5.85<br>5.37<br>5.05<br>4.82<br>5.25<br>18.99<br>10.73<br>8.04<br>6.74<br>5.99<br>5.52<br>5.21<br>4.99<br>5.50<br>19.10<br>10.85<br>8.17<br>6.88<br>6.14<br>5.68<br>5.37<br>5.16<br>5.75<br>19.22<br>10.98<br>8.30<br>7.02<br>6.29<br>5.84<br>5.54<br>5.33<br>6.00<br>19.33<br>11.10<br>8.44<br>7.16<br>6.44<br>6.00<br>5.70<br>5.50<br>6.25<br>19.45<br>11.23<br>8.57<br>7.31<br>6.60<br>6.16<br>5.87<br>5.68<br>6.50<br>19.57<br>11.35<br>8.71<br>7.46<br>6.75<br>6.32<br>6.04<br>5.85<br>6.75<br>19.68<br>11.48<br>8.85<br>7.6<br>6.91<br>6.49<br>6.21<br>6.03<br>7.00<br>19.80<br>11.61<br>8.99<br>7.75<br>7.07<br>6.65<br>6.39<br>6.21<br>7.25<br>19.92<br>11.74<br>9.13<br>7.90<br>7.23<br>6.82<br>6.56<br>6.40<br>7.50<br>20.04<br>11.87<br>9.27<br>8.06<br>7.39<br>6.99<br>6.74<br>6.58<br>7.75<br>20.16<br>12.00<br>9.41<br>8.21<br>7.55<br>7.16<br>6.92<br>6.77<br>8.00<br>20.28<br>12.13<br>9.56<br>8.36<br>7.72<br>7.34<br>7.10<br>6.95<br>8.25<br>20.40<br>12.27<br>9.70<br>8.52<br>7.88<br>7.51<br>7.28<br>7.14<br>8.50<br>20.52<br>12.40<br>9.85<br>8.68<br>8.05<br>7.69<br>7.47<br>7.33<br>8.75<br>20.64<br>12.53<br>9.99<br>8.84<br>8.22<br>7.87<br>7.65<br>7.52<br>9.00<br>20.76<br>12.67<br>10.14<br>9.00<br>8.39<br>8.05<br>7.84<br>7.71<br>9.25<br>20.88<br>12.80<br>10.29<br>9.16<br>8.56<br>8.23<br>8.03<br>7.91<br>9.50<br>21.00<br>12.94<br>10.44<br>9.32<br>8.74<br>8.41<br>8.22<br>8.10<br>9.75<br>21.12<br>13.08<br>10.59<br>9.49<br>8.91<br>8.59<br>8.41<br>8.30<br>10.00<br>21.25<br>13.22<br>10.75<br>9.65<br>9.09<br>8.78<br>8.60<br>8.49<br>10.25<br>21.37<br>13.35<br>10.90<br>9.82<br>9.26<br>8.96<br>8.79<br>8.69<br>10.50<br>21.49<br>13.49<br>11.05<br>9.98<br>9.44<br>9.15<br>8.98<br>8.89<br>10.75<br>21.62<br>13.63<br>11.21<br>10.15<br>9.62<br>9.33<br>9.18<br>9.08<br>11.00<br>21.74<br>13.78<br>11.37<br>10.32<br>9.80<br>9.52<br>9.37<br>9.28<br>11.25<br>21.87<br>13.92<br>11.52<br>10.49<br>9.98<br>9.71<br>9.56<br>9.48<br>11.50<br>21.99<br>14.06<br>11.68<br>10.66<br>10.16<br>9.90<br>9.76<br>9.68<br>

Extracted text: Monthly Payments (Necessary to amortize a loan of $1,000) Interest 5 10 15 20 25 30 35 40 Rate (%) Years Years Years Years Years Years Years Years 3.50 18.19 9.89 7.15 5.80 5.01 4.49 4.13 3.87 3.75 18.30 10.01 7.27 5.93 5.14 4.63 4.28 4.03 4.00 18.42 10.12 7.40 6.06 5.28 4.77 4.43 4.18 4.25 18.53 10.24 7.52 6.19 5.42 4.92 4.58 4.34 4.50 18.64 10.36 7.65 6.33 5.56 5.07 4.73 4.50 4.75 18.76 10.48 7.78 6.46 5.70 5.22 4.89 4.66 5.00 18.87 10.61 7.91 6.60 5.85 5.37 5.05 4.82 5.25 18.99 10.73 8.04 6.74 5.99 5.52 5.21 4.99 5.50 19.10 10.85 8.17 6.88 6.14 5.68 5.37 5.16 5.75 19.22 10.98 8.30 7.02 6.29 5.84 5.54 5.33 6.00 19.33 11.10 8.44 7.16 6.44 6.00 5.70 5.50 6.25 19.45 11.23 8.57 7.31 6.60 6.16 5.87 5.68 6.50 19.57 11.35 8.71 7.46 6.75 6.32 6.04 5.85 6.75 19.68 11.48 8.85 7.6 6.91 6.49 6.21 6.03 7.00 19.80 11.61 8.99 7.75 7.07 6.65 6.39 6.21 7.25 19.92 11.74 9.13 7.90 7.23 6.82 6.56 6.40 7.50 20.04 11.87 9.27 8.06 7.39 6.99 6.74 6.58 7.75 20.16 12.00 9.41 8.21 7.55 7.16 6.92 6.77 8.00 20.28 12.13 9.56 8.36 7.72 7.34 7.10 6.95 8.25 20.40 12.27 9.70 8.52 7.88 7.51 7.28 7.14 8.50 20.52 12.40 9.85 8.68 8.05 7.69 7.47 7.33 8.75 20.64 12.53 9.99 8.84 8.22 7.87 7.65 7.52 9.00 20.76 12.67 10.14 9.00 8.39 8.05 7.84 7.71 9.25 20.88 12.80 10.29 9.16 8.56 8.23 8.03 7.91 9.50 21.00 12.94 10.44 9.32 8.74 8.41 8.22 8.10 9.75 21.12 13.08 10.59 9.49 8.91 8.59 8.41 8.30 10.00 21.25 13.22 10.75 9.65 9.09 8.78 8.60 8.49 10.25 21.37 13.35 10.90 9.82 9.26 8.96 8.79 8.69 10.50 21.49 13.49 11.05 9.98 9.44 9.15 8.98 8.89 10.75 21.62 13.63 11.21 10.15 9.62 9.33 9.18 9.08 11.00 21.74 13.78 11.37 10.32 9.80 9.52 9.37 9.28 11.25 21.87 13.92 11.52 10.49 9.98 9.71 9.56 9.48 11.50 21.99 14.06 11.68 10.66 10.16 9.90 9.76 9.68
Jun 09, 2022
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