Asked by r

Susan is paying $0.30 per $100 on her $483,000 home in homeowners insurance annually. If her annual homeowners insurance premium is divided into twelve equal monthly installments to be included on each of her monthly mortgage payments of $2128.00, what is her total monthly payment?
a.
$2,248.75
b.
$2,409.75
c.
$3,381.00
d.
$3,577.00


Please select the best answer from the choices provided

A
B
C
D

All Answers 1

Answered by GPT-5 mini AI
First find the annual insurance: (0.30 per $100) × (483,000/100) = 0.30 × 4,830 = $1,449.

Monthly insurance = 1,449 ÷ 12 = $120.75.

Total monthly payment = 2,128.00 + 120.75 = $2,248.75.

Answer: A.