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4 years ago

Mr Coffey bought a house for 195,000 he made a 20% down payment the interest rate is 5.25% for 30 years

Business

1 answer:

Jobisdone [24]4 years ago

6 0

$39000

DOWN PAYMENT MEANS THE AMOUNT YOU PAY PAY AT THE TIME OF THE DEAL OF PURCHASING THE HOUSE.THERE IS USUALLY A PERCENTAGE OF THE TOTAL AMOUNT AND IS PAID IN A LUMP SUM.

20& OF THE COST OF HOUSE OUT HERE

I.E. 20% OF $195000

= 0.2 * 195000

=$39000

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