Narrative 14-2
For problems in this section, use Table 14-1 from your text to find monthly mortgage payments.
-Refer to Narrative in your text 14-2. Find the monthly PITI payment for a mortgage of $196,000 at a rate of 6.5% for 25 years with annual property taxes and hazard insurance premium of $4,850 and $1084 respectively.

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The Answer of Narrative 14-2
For problems in this section, use Table 14-1 from your text to find monthly mortgage payments.
-Refer to Narrative in your text 14-2. Find the monthly PITI payment for a mortgage of $196,000 at a rate of 6.5% for 25 years with annual property taxes and hazard insurance premium of $4,850 and $1084 respectively.

Narrative 14-2 For Problems in This Section, Use Table 14-1 from Your