Question

Andrea is buying a house for \( \$ 190,000 \). She plans to make a \( 12 \% \) down payment. Closing costs include \( \$ 600 \) for 6 months of homeowners insurance, \( \$ 700 \) for 6 months of prope

A) $21,000
B) $24,200
C) $19,600
D) $22,500

Answer 1

Andrea's down payment on the house will be $22,800.

Step-by-step explanation:

To calculate the down payment on the house, we need to find 12% of $190,000.

12% of $190,000 = $22,800.

Therefore, Andrea's down payment will be $22,800.