Question: NIT TEST POSSIBLE POINTS: 8 1 Seth and Ann are looking at four different homes. They created a spreadsheet to estimate escrow calculations more easily.

 NIT TEST POSSIBLE POINTS: 8 1 Seth and Ann are looking

NIT TEST POSSIBLE POINTS: 8 1 Seth and Ann are looking at four different homes. They created a spreadsheet to estimate escrow calculations more easily. They will pay the property tax and homeowner's insurance each month with their mortgage payment. The bank will hold these two amounts in escrow until those bills need to be paid, which is every six months. Each line represents data for a different home they are looking at. Calculate their monthly escrow payment for these four houses. Monthly Annual Semi-Annual Monthly Escrow Payment Mortgage Property Tax Homeowner's Insurance $ 2,134 $ 6,390 $ 750 $ 2.456 $ 7.543 $ 700 $ 2,857 $ 8,765 $ 800 $ 2.256 $8.950 $ 650 5 6 7 8 9 10 11 12 13 14

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