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3 years ago

Joy and John MacAllister have agreed to purchase a house

Mathematics

1 answer:

Anna007 [38]3 years ago

6 0

The total closing cost is 3. 5% of the amount of the mortgage. So, the total amount would be $10500.

<h3>What is down payment?</h3>

An initial payment made when something is bought on credit to make the down payment.

First National Savings & Loan is willing to lend them money at 6. 5% for 25 years, provided the MacAllister's can make a $79,900 down payment.

$379,900 - $79,900 =$300,000

because down payments are never included with the total mortgage loan.

The total closing cost is 3. 5% of the amount of the mortgage.

3.5 percent for closing costs

= $3.5/100 \times 300000\\\\3.5 \times 3000\\\\10500$

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3 years ago

Alenkasestr [34]

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1 year ago

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<h3>Answer: Choice B) 122 degrees</h3>

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