Real Estate Math
A title insurance premium is $750 on a $250,000 property. What is the rate per $1,000 of coverage?
A$2.50
B$3.00✓ Correct
C$3.50
D$4.00
Explanation
Rate = $750 / ($250,000 / $1,000) = $750 / 250 = $3.00 per $1,000.
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