Troy took out an 80/20 mortgage to buy a house costing $100,000. The first (80%) mortgage has an interest rate of 4.75%, The sec
ond (20%) mortgage has an interest rate of 7.525%. Both the first mortgage and the second mortgage are 30-year fixed-rate mortgages. What is his total mortgage payment for this house?
This is because you distribute the -4 to both of the values in the parenthesis like this: -4(7) + -4(-1) This can be simplified to: -28 + 4 Which equals -24 Hope this helps!