Real Estate Math
A Utah buyer's PITI payment includes principal, interest, taxes, and insurance. If the monthly components are: P&I = $1,650, taxes = $280, insurance = $110, what is PITI?
A$2,040✓ Correct
B$1,930
C$1,760
D$2,150
Explanation
PITI = $1,650 + $280 + $110 = $2,040. Using the values given ($1,650,, $280,), apply the appropriate formula..
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