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Murrr4er [49]
4 years ago
6

How much of the purchase will they have to borrow

Mathematics
1 answer:
EastWind [94]4 years ago
8 0

Answer:

They will have to borrow $ 31,211

(23% of the purchase price)

Step-by-step explanation:

Total price : $135,700

Down payment:  20% of total price

Closing costs :  3% of total price

The Colburns will have to borrow 23% of the total price.

0.23*$135,700 =  $ 31,211

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