Mathematics, 03.12.2021 21:10 jalenthomas2208
Homeownership has other expenses, including property taxes, homeowner's insurance, and
utilities. The annual property tax can be estimated as 1% of the amount borrowed and the
annual homeowner's insurance can be estimated as 2% of the amount borrowed.
7. For a mortgage of $165,000, find the following.
a. What is the MONTHLY amount of property tax.
b. What is the MONTHLY amount of homeowner's insurance.
Answers: 2
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Homeownership has other expenses, including property taxes, homeowner's insurance, and
utilities....
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