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lapo4ka [179]
3 years ago
9

marcella's house costs $120,000. she paid a 20% down payment and then borrowed the rest at 6.5% for 20 years how much will she b

orrow
Mathematics
1 answer:
jasenka [17]3 years ago
3 0
120 000 dollars is the cost of her house.
She paid a downpayment which is 20% of it.
120000 * .20 = 24000 dollars 
=> 120 000 - 24 000 = 96 000 dollars.
She paid it for installment for 20 years wth 6.5% interest.
=> 96000 * .065 = 6240 dollars interest per year
=> <span>6240 dollars * 20 years = 124 800 dollars 
=>  96 000 + 124 800 = 220 800 dollars.</span>
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