Real Estate Math
Annual property taxes are $9,180. What is the monthly tax escrow payment required by the lender?
A$735
B$765✓ Correct
C$918
D$1,000
Explanation
Monthly tax escrow = $9,180 ÷ 12 = $765. Using the values given ($9,180), apply the appropriate formula.. The correct answer is $765.. This is a common calculation on the Connecticut real estate exam.
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