Mathematics, 03.10.2019 07:50, Jinesha

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

Answers: 2

Show answers

Answers

answered: lexadoodle8945

Option A is the answer.

Explanation:

Given is :

Susan is paying $0.30 per $100 on her $483,000 home in homeowners insurance annually. So, this amount becomes :

(0.30*483000)/100 = $1449

So, monthly homeowners insurance premium becomes =

$\frac{1449}{12}$ = $120.75

As Susan pays $2128 mortgage payment also, her total payments become = 2128+120.75 = $2248.75

Hence, option A is the answer.

answered: Donlito6997

The total monthly payment of Susan is $\boxed{\$ 2248.75}$ . Option (a) is correct.

Further Explanation:

Given:

The options are as follows,

(a). $\$2248.75$

(b). $\$2409.75$

(c). $\$3381.00$

(d). $\$3577.00$

Explanation:

Susan is paying $\$0.30$ per $\$100$ on her $\$483000$ home in homeowners insurance annually.

The annual homeowner’s insurance premium is divided into twelve equal monthly installments to be included on each of her monthly mortgage payments of $\$2128.$

The amount Susan paying can be obtained as follows,

$\begin{aligned}{\text{Amount}} &= \frac{{0.30}}{{100}} \times \left( {483000} \right) \\&= \$ 1449 \\\end{aligned}$

Monthly homeowner’s insurance premium can be obtained as follows,

$\begin{aligned}{\text{Monthly premium}} &= \frac{{1449}}{{12}} \\&= \$ 120.75 \\\end{aligned}$

The total monthly payment can be obtained as follows,

$\begin{aligned}{\text{Total monthly payment}} &= \$ 2128 + \$ 120.75 \\&= \$ 2248.75 \\\end{aligned}$

The total monthly payment of Susan is $\boxed{\$ 2248.75}$ . Option (a) is correct.

Learn more:

If the clothing maker bought 500 m2 of this fabric, how much money did he lose? use 1tepiz=0.625dollar and 0.9144m=1yard Suppose that you find the volume of all the oceans to be 1.4×109km3 in a reference book. to find the mass, you can use the density of water, also found in this reference book, but first you must convert the volume to cubic meters. what is this volume in cubic meters?

Answer details:

Grade: High School

Subject: Mathematics

Chapter: Loan Schedule

Keywords: Susan, paying, home, homeowners, insurance, annually, premium, monthly installments, mortgage, payments, total monthly payment, insurance premium, twelve monthly mortgage.

answered: Guest

5=812a+9+3

step 1: simplify both sides of the equation.

5=812a+9+3

5=(812a)+(9+3)(combine like terms)

5=812a+12

step 2: flip the equation.

812a+12=5

step 3: subtract 12 from both sides.

812a+12−12=5−12

812a=−7

step 4: divide both sides by 812.