Mathematics, 04.02.2020 03:44 kukisbae

Shauna wants to buy a house and plans to rent the apartment located in the basement for extra income. the house has a purchase price of $195,600 and she will make a 5% down payment. shauna has qualified for a 30 year mortgage with a fixed rate of 5.875%. approximately how much rent should she charge for the apartment in order to cover her monthly mortgage payment if she only wants to spend $400 a month of her own money?

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