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 cent.)

Amount Financed	Interest Rate	Term of Loan (years)	Monthly PI	Annual Property Tax	Annual Insurance	Monthly PITI
$230,000	3.50%	25	$	$6,513	$2,156	$

Jun 09, 2022

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