Home ownership has other expenses, including taxes, homeowner's insurance and utilities. The annual property tax can be estimated as 1% of the amount borrowed and the annual homeowner's insurance can...

Home ownership has other expenses, including taxes, homeowner's insurance and utilities. The annual property tax can be estimated as 1% of the amount borrowed and the annual homeowner's insurance can be estimated as 2% of the amount borrowed.

For a moratage of 145,000 find the following

a). What is the monthly ampount of property tax?.

b). what is the monthly amount of homeowner's insurance?