Real Estate Math
A Nebraska homeowner's insurance premium of $1,560/year is paid monthly through an escrow account. The monthly escrow contribution for insurance is:
A$130.00✓ Correct
B$125.00
C$156.00
D$140.00
Explanation
Monthly insurance = $1,560 ÷ 12 = $130. Using the values given ($1,560), apply the appropriate formula..
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