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Sagot :
He needs to pay $96,000 each year.
What is the selling price?
- The selling price of a good or service is the final cost to the seller, or what the buyer actually pays.
- A commodity or service in a specific amount, weight, or measurement can be exchanged.
- It is one of the most crucial things for a business to decide.
- It is significant since it determines whether or not it will survive.
- Sales of a product are directly impacted by its price.
What is a mortgage?
- A mortgage is a contract between you and a lender that gives the lender the right to repossess your property if you don't pay back the loaned funds for the purchase or refinance of a home.
Solution -
To find how much he needs to pay each year:
2% of 400,000 = $8,000 (per month)
Per year = 12 × 8000 = $96,000
Therefore, he needs to pay $96,000 each year.
Know more about sellers here:
https://brainly.com/question/906651
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