Find the following for a $ 200,000 fixed-rate mortgage and the given information. a) Monthly mortgage payment (principal and interest) b) Monthly house payment (including property taxes and insurance) c) Initial monthly interest d) Income tax deductible portion of initial house payment e) Net initial monthly cost for the home (considering tax savings) term of mortgage 15 years  interest rate 7.5% annul property tax $960 Annual insurance $576 owners tax bracket 45%

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Q: Suppose you obtain a 20-year mortgage loan of $193,000 at an annual interest rate of 8.4%. The…

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