Answer:
D
Step-by-step explanation:
Given
= 
, then
= 
= 
= 262144 → D
Answer:
The largest amount that could be received is $100,000
Step-by-step explanation:
Here in this question , we are interested in calculating the largest amount loan amount that could be received.
Now, let the loan amount be $x
What we know is that the amount of down payment paid is 2.5% of the loan amount.
Thus, mathematically;
2.5% of x = 2500
2.5/100 * x = 2500
2.5x/100 = 2500
2.5x = 100 * 2500
x = (2500 * 100)/2.5
x = 100,000
The largest loan amount that could be received with the program is $100,000
