SOLUTION: The Patel family recently purchased a home, taking out a mortgage of $235,000 at 8 1/2% for 25 years. Excluding taxes and insurance, what is the monthly PITI payment of their loan

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: The Patel family recently purchased a home, taking out a mortgage of $235,000 at 8 1/2% for 25 years. Excluding taxes and insurance, what is the monthly PITI payment of their loan      Log On