Real Estate Math
An Oklahoma homeowner's property taxes are $3,960/year. How much should be escrowed monthly for property taxes?
A$280
B$320
C$330✓ Correct
D$360
Explanation
Monthly escrow = $3,960 / 12 = $330. Using the values given ($3,960), apply the appropriate formula.. The correct answer is $330.. This is a common calculation on the Oklahoma real estate exam.
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