The McQuires pay a monthly mortgage payment of $1040. They also pay semi-annual property tax bill of $5,812 and semi-annual homeowner's insurance of $685. The property tax and insurance are paid monthly into an escrow account to their lender. What is their monthly payment to their lender?

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A:

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A: Formulas:

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Treasury Market

On-the-run securities are the most recently issued securities in the market depth and are therefore traded at some premium. The off-the-run securities are the ones issued just before the most recent ones. The on-the-run securities have a lower yield to the investor than the off-the-run securities.