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maks197457 [2]
2 years ago
5

Erin Thompson agreed to purchase a house for $97,900. Hoover Mortgage is willing to lend her

Mathematics
1 answer:
Solnce55 [7]2 years ago
8 0
$2,697 is correct :)


$97,900-$8000=$89,900 because down payments are never included with the total mortgage loan.
8 percent for 30 years means there will be 8 percent interest that the bank charges on a 30 year loan that is on a fixed payment per month.
3 percent for closing costs or 0.03•$89,900=$2,697
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