Noel purchases a house and gets a 30-year mortgage for $195,000 at 5.5% APR. addition to the monthly paymentthe lender requires him to pay into an escrow account for the homeowners insurance and property tax. His homeowners insurance is $1300 per year and the property tax is $2400 per yearDetermine the month payment to the lender that includes the insurance and property taxRound your answer to the nearest cent



Answer :

Take out a loan on $100000 and lend it to home owners and do 1300/2400 u will get average cost

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