Register
How much of the purchase will they have to borrow
222k views
5 votes
How much of the purchase will they have to borrow

How much of the purchase will they have to borrow-example-1
User Bshanks
by
6.3k points

1 Answer

2 votes

Answer:

They will have to borrow $ 31,211

(23% of the purchase price)

Explanation:

Total price : $135,700

Down payment: 20% of total price

Closing costs : 3% of total price

The Colburns will have to borrow 23% of the total price.

0.23*$135,700 = $ 31,211

User Dmitriy Kovalenko
by
7.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.6m questions

10.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!