Real Estate Math
A Missouri home is assessed at $72,000. The tax rate is $9.50 per $100. What are the monthly tax escrow payments?
A$57.00
B$570.00✓ Correct
C$475.00
D$47.50
Explanation
Annual tax = ($72,000 ÷ $100) × $9.50 = 720 × $9.
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