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Leona [35]
1 year ago
5

Noah has just purchased a previously owned home. he put $5,000 towards a down payment and took out a $65,000 mortgage. noah know

s that his older home will need maintenance right away and wants to budget enough for this coming year for unexpected expenses. when estimating costs for home repair and maintenance, a good estimate is to budget 1% of the purchase price of a house. what would be a good yearly estimate of repairs and maintenance for noah’s home? a. $1550 b. $700 c. $650 d. $150
Mathematics
1 answer:
cricket20 [7]1 year ago
5 0
The answer to your question is B) $700 because 1% of the $5,000 down payment and the $65,000 mortgage so $70,000 is $700.
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