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In Many Cases, Property Taxes When You Own a Home

Question 1

Multiple Choice

In many cases, property taxes when you own a home are paid every six months, homeowner's
Insurance is paid once per year, and car insurance is paid every six months. One homeowner pays
$1,450 in property taxes twice a year, $946 in homeowner's insurance annually, and makes car
Insurance payments of $294.32 and $335.40 every six months. If this homeowner wants to spread
These expenses out by putting some money each month into a savings account, how much should she
Put aside per month?


A) $304.62
B) $504.29
C) $425.45
D) $372.98

Correct Answer:

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