Question

Hanna pays $513.12 monthly on her mortgage. If her annual insurance premium is $1,010 and her annual real estate tax is $938, what is her combined monthly payment to her mortgage lender? Round each answer to the nearest cent before adding.

Answer 1

Answer:

$ 675.46

Step-by-step explanation: 1) Monthly payment on mortgage = $513.12

2) Monthly payment on insurance = $1,010/12 = $84.17

3) Monthly payment on real estate tax = $938/12 = $938 = $78.17

Total payment = $( 513.12 + 84.17 + 78.17) = $675.46