You are purchasing a house 12 years from now. The estimated purchase price is $171,600.00. You want to make a 20% down payment.

Question

4 years ago

6

You are purchasing a house 12 years from now. The estimated purchase price is $171,600.00. You want to make a 20% down payment.

You are
trying to determine how much to save per month to reach your goal. If closing costs are 8.7%, how much additional money do you need to save
per month to cover the additional expense?
$103.68
$105.29
$85.14
$125.03

Mathematics

2 answers:

Leya [2.2K] · Answer 1 · 2021-11-27T23:43:32+03:00

Leya [2.2K]4 years ago

8 0

Answer: $103.68

Step-by-step explanation:

12 Months are in 1 year - 12*12 = 144 Months

Multiply $103.68 * 144 = the 8.7% for closing costs.

omeli [17] · Answer 2 · 2021-11-28T01:57:16+03:00

omeli [17]4 years ago

4 0

I don’t know the answer