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Rick rueta purchased a 76000 home at 75 for 30 years with a

Question: Rick Rueta purchased a $76,000 home at 7.5% for 30 years with a down payment of $25,000. His annual real estate tax is $1,680 along with an annual insurance premium of $840. Rick's bank requires that his monthly payment include an escrow deposit for the tax and insurance. What is the total payment each month for Rick?

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Accounting Basics: Rick rueta purchased a 76000 home at 75 for 30 years with a

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