property taxes are $3300 each year. the bank will spread this amount over 12 months and include it into your…

property taxes are $3300 each year. the bank will spread this amount over 12 months and include it into your monthly mortgage payment. this is called \escrow.\ how much is tims escrow payment each month for the property taxes? record the number as escrow. 275 integer, decimal, or e - notation allowed question 6 when tim bought his own home, he needed to start protecting it. he purchased homeowners insurance, which is a yearly charge of $300. he is budgeting for monthly payments though. how much is tims monthly homeowners insurance payment? record this number as homeowners insurance add your answer integer, decimal, or e - notation allowed

property taxes are $3300 each year. the bank will spread this amount over 12 months and include it into your monthly mortgage payment. this is called \escrow.\ how much is tims escrow payment each month for the property taxes? record the number as escrow. 275 integer, decimal, or e - notation allowed question 6 when tim bought his own home, he needed to start protecting it. he purchased homeowners insurance, which is a yearly charge of $300. he is budgeting for monthly payments though. how much is tims monthly homeowners insurance payment? record this number as homeowners insurance add your answer integer, decimal, or e - notation allowed

Answer

Explanation:

Step1: Divide annual property - tax by 12

To find the monthly escrow payment for property taxes, divide the annual amount of $3300 by 12. The formula is $\frac{3300}{12}$. $3300\div12 = 275$

Step2: Divide annual insurance - charge by 12

To find the monthly homeowner's insurance payment, divide the annual charge of $300 by 12. The formula is $\frac{300}{12}$. $300\div12=25$

Answer:

For the first question (escrow payment for property taxes): 275 For the second question (monthly homeowner's insurance payment): 25