Mathematics

8 August, 17:44

A house is for sale at $36500. A down payment of $85000 is made and leaves a monthly mortgage payment of $2180. The annual tax bill is $3450 and annual heating costs are estimated to be $2000. Telepjome and internet will cost $125 per month. The house is insured for 80% of its estimated value, which is $292000, at an annual premium of $3.85 per $1000. Find the average monthly cost of running this house.

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