Question

1. cecelias monthly mortgage payment is $1,432.26. she calculated the annual property tax on her $300,000 home and determined that it was $6,000. what is cecelias total monthly payment for the mortgage and property tax?

options: $1,882.26; $1,932.26; $2,032.26; $1,982.26

Explanation:

Step1: Find monthly property tax

Annual property tax is $6,000. To find monthly, divide by 12: $\frac{6000}{12} = 500$.

Step2: Add to mortgage payment

Monthly mortgage is $1,432.26. Total = $1,432.26 + $500 = $1,932.26.

Answer:

$1,932.26 (corresponding to the option with this amount, e.g., if the second option is $1,932.26, then B. $1,932.26)