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lisov135 [29]
2 years ago
7

Melinda and her husband are purchasing a home. The cost of the home is $135,500. They will be required to pay a down payment of

25% of the purchase price and to pay closing costs of 3% of the purchase price. How much cash do they need for the down payment and closing cost?
Mathematics
1 answer:
Daniel [21]2 years ago
3 0

Answer:

$37,940

Step-by-step explanation:

1. Divide $135,500 by 25%= $33,875

2. Divide $135,500 by 3%= $4065

3. Add both quotients

$33,875 + $4065

= $37940

Melinda and her husband will need $37,940 for the down payment and closing cost.

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