What fraction multiplied by 5 gives you .75
1 answer:
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Answer:
The correct solution is "$1618.79".
Step-by-step explanation:
The given values are:
Home price,
= $300,000
Down payment,
= 10%
Mortgage,
= $270,000
Rate,
r = 6%
Time,
t = 30 years
As we know,
⇒
On substituting the values, we get
⇒
⇒ ($)