Answered

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Drew is buying a $325,000 house. He will put a 4.5% down payment and finance the
rest of the price with a mortgage loan. What is the mortgage loan amount? Round your
answer to the nearest thousand
$310,000
$300.000
0 $311.000
$275,000

Sagot :

abidemiokin

Answer:

$311,000

Step-by-step explanation:

Original cost of house = $325,000

Mark down percent = 4.5%

Markdown price = 4.5% * 325000

Markdown price = 0.045*325000

Markdown price = $14,625

Mortgage loan amount now = $325,000 - $14,625

Mortgage loan amount now = $310,375

Mortgage loan amount now tom the nearest thousand is $311,000

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