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A couple is looking for a mortgage to purchase a house for $256,000. If the bank requires a 5% down payment, what is the amount to be mortgaged? $128000 $12800 $243200 $25600
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A couple is looking for a mortgage to purchase a house for $256,000. If the bank requires a 5% down payment, what is the amount to be mortgaged?

$128000
$12800
$243200
$25600

User Xuso
by
4.0k points

1 Answer

6 votes
$12,800
Multiply $256,000 by 5%
User Thomas Stewart
by
4.3k points
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