Answer :
The amount that is added to his monthly mortgage payment for insurance is b. $76.86.
What is a Mortgage?
This refers to the amount of money that is paid for the downpayment for a piece of property.
Given that the worth of the home is $279,000
premium is $0.33 per $100.
1 month premium on $1 is $0.0275/100
Now, one month's premium is calculated as:
$0.0275/100 * 279,000
=$76.86
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