Calculate the amount for her and explain the account

Reference no: EM13305268

3.Annie's mortgage statement shows a total payment of $699.12 with $604.60 paid toward principal and interest and $94.52 paid for taxes and insurance. Taxes and insurance for 3 months were collected at closing. Now after 6 months of payments, she is curious about the total in her escrow account. Calculate the amount for her and explain the account.

Reference no: EM13305268

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