MATI 20-H-26577 Math for Liberal Arts, spring 2018, TTH 2:00-3:0 Amanda Cohen &I

Question

MATI 20-H-26577 Math for Liberal Arts, spring 2018, TTH 2:00-3:0 Amanda Cohen &I; 5/7/18 2:15 Ph Homework: Section 10.5 Homework Sa Score: 067 of 1 pt %) 10.5.11 Anna isbuying a house seang for 215,000 To obtain the mortgage. 1 of 4 (4 complete) HW Score: 58 18%, 233 of 4 ?Question Help Anna is requ*ed to make a 10% down payment Anna obtains a 30-year mortgage with an inter rate of 6% a) Determine the amount of the required down payment b) Determine the anount of the mortgage c) Determine the monthly payment for principal and interest EER Cick the icon to view the tatle of manhy payments al Determine the amount of the required down peyment .. :.i :/? '. (.a) More Enter your answer in the answer box and then cick Check Answer remaning Clear Al Assignments-G..Do Homework-A. DAL

Explanation / Answer

Given the cost of the house is $215,000 and is also given that she is required to make a down payment of 10%. So, the amount of downpayment = 10% of 215000 = 0.1*215000 = $21,500.

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