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you want to purchase a house in 10 years. you estimate the cost will be $184,500.00. you want to make a 20% down payment and pay closing costs, which are 8.5%. how much are the down payment and closing costs?

1)$48,091.71
2)$56,011.68
3)55,605.38
4)52,582.50​

Respuesta :

downpayment = 20% × $184,500 = $36900

closing costs = 8.5% × $184,500 = $15682.5

total = $52,582.50

alinakincsem

Answer:

The correct answer option is 4) 52,582.50​.

Step-by-step explanation:

We need to purchase a house in 10 years with estimated cost of $184,500.00 and want to make a  20% down payment and pay closing costs, which are 8.5%.

So the amount we need to pay as down payment will be = [tex] \frac { 20 } { 100 } \times 184500 = $36900 [/tex]

While the amount which is to be paid for pay closing costs would be = [tex]\frac{8.5}{100} \times 184500 = $15682.5[/tex]

Therefore, the total payable amount = $36900 + $15682.5 = $52582.50

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