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Annie's mortgage statement shows a total payment of $553.35 with $464.68 paid toward principal and interest and $88.67 paid for taxes and insurance. Taxes and

Annie's mortgage statement shows a total payment of $553.35 with $464.68 paid toward principal and interest and $88.67 paid for taxes and insurance. Taxes and insurance for three months were collected at closing. Now after six months of payments, she is curious about the total in her escrow account. Calculate the amount for her and explain the account.

Calculate the amount for her and explain the account.

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