Finance
A Mississippi buyer's mortgage requires them to pay monthly PITI: $800 principal and interest, $150 property tax, and $80 homeowner's insurance. The monthly PITI payment is:
A$1,000
B$1,030✓ Correct
C$876
D$950
Explanation
PITI = P&I + Taxes + Insurance = $800 + $150 + $80 = $1,030 per month. Using the values given ($800, $150), apply the appropriate formula..
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