Real Estate Math

A Tennessee homeowner refinances to lower their monthly payment from $1,450 to $1,280. How much do they save annually?

A$2,040✓ Correct

B$1,680

C$2,400

D$1,920

Explanation

Monthly savings = $1,450 − $1,280 = $170. Annual savings = $170 × 12 = $2,040.

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