Narrative 14-1
for Problems in This Section, Use Table 14-1 $5 \frac { 1 } { 2 } \%$

Narrative 14-1
For problems in this section, use Table 14-1 from your text to find the monthly mortgage payments, when necessary.
-Refer to Narrative in your text 14-1. Shellie has a mortgage of $56,500 at $5 \frac { 1 } { 2 } \%$ for 25 years. The property taxes are $350 quarterly, and the hazard insurance premium is $239.50 semiannually. Find the monthly taxes and insurance payment.

A) $358.75
B) $290.79
C) $422.87
D) $156.58