A homeowner wants to purchase a home insurance policy for their $⁢250,000 house. The insurance company offers a policy with an annual premium rate of 0.5% of the home's value. What is the annual premium for this home insurance policy?

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1 dollars comma 250

Home and Mortgage Insurance - Quiz Quiz

A homeowner wants to purchase a home insurance policy for their $⁢250,000 house. The insurance company offers a policy with an annual premium rate of 0.5% of the home's value. What is the annual premium for this home insurance policy?

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