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Karina bought a townhouse for $199,900. She has a 30 year mortgage with a fixed rate of 5.5%. Karina’s monthly payments are $998.08. What percent of the purchase price was Karina’s down payment? a. 7%
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Karina bought a townhouse for $199,900. She has a 30 year mortgage with a fixed rate of 5.5%. Karina’s monthly payments are $998.08. What percent of the purchase price was Karina’s down payment?

a. 7%
b. 12%
c. 15%
d. 18%

User Oxald
by
7.9k points

2 Answers

2 votes

Answer:

B. 12%

Explanation:

e d g e

User AlexJF
by
9.1k points
6 votes

Answer:

B. 12%

Explanation:

User Hiroga
by
8.9k points
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