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Tom wants to buy a new house. He has $28,000 for an initial down payment. Assuming the down payment on the house must be 20% of the houses total cost, what is the most expensive…

Tom wants to buy a new house. He has $28,000 for an initial down payment. Assuming the down payment on the house must be 20% of the houses total cost, what is the most expensive…
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Tom wants to buy a new house. He has $28,000 for an initial down payment. Assuming the down payment on the house must be 20% of the houses total cost, what is the most expensive house Tom can afford the down payment on?

User Sunyata
by
8.2k points

1 Answer

2 votes

Answer:

28000 x 5 = 140000

Explanation:

Have a great day!

User Eric Ly
by
6.9k points
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