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dimulka [17.4K]
3 years ago
9

A lender estimates the closing costs on a home loan of $50,000 as listed below.

Mathematics
2 answers:
Gnesinka [82]3 years ago
4 0

Answer:c.

No, because the lender estimated 6.2% of the home loan in closing costs which does not fall between 3 - 5%

Step-by-step explanation:

Summation of the cost of loan =200+530+600+265+575+130+800

=3100

Now percentage of the estimate=

(3100/50000)*100%

=6.2%

nikdorinn [45]3 years ago
3 0

Answer:

C

Step-by-step explanation: because the lender estimated 6.2% of the home loan in closing costs which does not fall between 3 - 5%. is the answer

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