Register
Joan pays 456.25 monthly on her mortgage. If her annual insurance premium is 1,560 and her annual real estate tax is 1,890, what is her combined monthly payment to her mortgage lender? 959.35 240.51 586.
173k views
0 votes
Joan pays 456.25 monthly on her mortgage. If her annual insurance premium is 1,560 and her annual real estate tax is 1,890, what is her combined monthly payment to her mortgage lender?

959.35

240.51

586.25

743.75

User Paulgio
by
8.2k points

1 Answer

2 votes
The combined payment is 743.75.

The annual amount of insurance is 1560. Dividing this by 12 gives us the monthly amount paid:
1560/12 = 130.

The annual real estate taxes are 1890. Dividing this by 12 gives us the monthly amount paid:
1890/12 = 157.50

We add these to the monthly mortgage payment to find the total amount:
456.25+130+157.50 = 743.75
User Mariusz Pala
by
8.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!