Real Estate Math
A Kansas homebuyer must pay 1 year of homeowners insurance upfront at closing. The monthly premium is $95. How much is the upfront payment?
A$950
B$1,040
C$1,140✓ Correct
D$1,200
Explanation
Annual insurance = $95 × 12 = $1,140. Using the values given ($95), apply the appropriate formula..
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