Divide, 7)16.52 - PLEASE ANSWER QUICK
2 answers:
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Answer:
$9450
Step-by-step explanation:
Given that:
The price of the home = $450000
The interest = 7.8%
Down payment = 30% of price of the home
i.e 0.3 × 450000 = 135000
The principal outstanding balance = 450000 - 135000
= 315000
Finally, the cost of 3 points will be;
= $9450