The Maxwell family took out a $275,000, 20-year mortgage at an APR of 4.1%. The assessed value
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The Maxwell family took out a $275,000, 20-year mortgage at an APR of 4.1%. The assessed value of their house is $9,400. Keep in mind that assessed value is the value used for property tax purposes, and not necessarily an indication of the market value. The annual property tax rate is 90.82% of assessed value. What is the annual property tax?
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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