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Question : Find the total monthly payment including taxes and insurance : 2139046

**Find the total monthly payment including taxes and insurance for the loan. Round to the nearest cent.**

97)

Amount of loan: |
$79,000 |

Interest rate: |
7 1/2% |

Term of loan: |
20 years |

Annual taxes: |
$1,539 |

Annual insurance: |
$538 |

A) $ 636.74

B) $ 905.41

C) $ 809.82

D) $ 785.33

98)

Amount of loan: |
$66,500 |

Interest rate: |
7% |

Term of loan: |
15 years |

Annual taxes: |
$1,258 |

Annual insurance: |
$340 |

A) $ 731.00

B) $ 597.84

C) $ 749.62

D) $ 648.54

99)

Amount of loan: |
$137,250 |

Interest rate: |
4% |

Term of loan: |
25 years |

Annual taxes: |
$2,211 |

Annual insurance: |
$627 |

A) $ 891.18

B) $ 724.68

C) $ 999.61

D) $ 961.18

100)

Amount of loan: |
$222,000 |

Interest rate: |
5 1/2% |

Term of loan: |
30 years |

Annual taxes: |
$2,775 |

Annual insurance: |
$838 |

A) $ 1,493.22

B) $ 1,664.16

C) $ 1,562.04

D) $ 1,260.96

101)

Amount of loan: |
$96,275 |

Interest rate: |
5% |

Term of loan: |
20 years |

Annual taxes: |
$1,577 |

Annual insurance: |
$523 |

A) $ 635.42

B) $ 837.37

C) $ 738.21

D) $ 810.42

102)

Amount of loan: |
$137,000 |

Interest rate: |
6% |

Term of loan: |
25 years |

Annual taxes: |
$2,139 |

Annual insurance: |
$627 |

A) $ 1,096.34

B) $ 924.75

C) $ 1,252.52

D) $ 1,155.25

**Solve the problem.**

103) The monthly payments on a $50,000 loan at 7 1/2% interest for 30 years is $350.00. How much of the first monthly payment will go toward the principal?

A) $ 37.50

B) $ 323.75

C) $ 312.50

D) $ 26.25

104) The monthly payments on a $50,000 loan at 7% interest for 25 years is $353.50. How much of the first monthly payment will go toward the principal?

A) $ 291.67

B) $ 24.75

C) $ 328.76

D) $ 61.83

105) The monthly payments on a $98,000 loan at7 1/2% interest for 15 years is $909.44. How much of the first monthly payment will go toward the principal?

A) $ 841.23

B) $ 612.50

C) $ 68.21

D) $ 296.94

106) The monthly payments on a $54,000 loan at 6 1/2% interest for 20 years is $402.84. How much of the first monthly payment will go toward interest?

A) $ 376.66

B) $ 351.00

C) $ 26.18

D) $ 292.50

107) The monthly payments on a $80,000 loan at4 1/2% interest for 20 years is $506.40. How much of the first monthly payment will go toward interest?

A) $ 483.61

B) $ 22.79

C) $ 360.00

D) $ 300.00

108) The monthly payments on a $68,000 loan at 7% interest for 30 years is $452.20. How much of the first monthly payment will go toward interest?

A) $ 31.65

B) $ 396.67

C) $ 476.00

D) $ 420.55

109) Global Transport built a new building and amortized $5,200,000 for 20 years at 5 1/2%. Find the monthly payment.

A) $ 35,776

B) $ 31,928

C) $ 236

D) $ 42,484

110) The Montgomerys borrowed $88,000 at 7 1/12% for 30 years to purchase a house. Find the monthly payment and the sum of the principal and interest charges.

A) $ 645.92, $ 232,531.20

B) $ 650.32, $ 234,115.20

C) $ 585.20, $ 210,672.00

D) $ 616.00, $ 221,760.00

111) John Atkins can afford a mortgage payment of $850 per month (not including insurance and taxes). Given a 15-year loan at 8%, find the maximum mortgage to the nearest thousand that he can afford.

A) $ 102,000

B) $ 116,000

C) $ 88,000

D) $ 89,000

112) Sarah Fields wants to borrow $133,000 at 4% to buy a house. How much would she save in total costs by going with a 15-year loan over a 25-year loan?

A) $ 28,196

B) $ 37,373

C) $ 33,516

D) $ 36,176