6.David and Sheryl Willits have saved $66,400 for a down payment on their futurehome. Their bank has informed them that the minimum down payment requiredto obtain a mortgage loan is 25%. Is their down payment large enough to purchasea home for $270,000? Why or why not?

Question

04-11-2022
Mathematics

Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Discover detailed solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

6.David and Sheryl Willits have saved $66,400 for a down payment on their futurehome. Their bank has informed them that the minimum down payment requiredto obtain a mortgage loan is 25%. Is their down payment large enough to purchasea home for $270,000? Why or why not?

Sagot :

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.

According to Moore's Law, how much time does it take for the number of transistors that fit on a microchip to double?A. 2 yearsB. 50 yearsC. 10 yearsD. 5 years

The original occupants of Easter Island: a. Canadians b. Native Americans c. Haitians d. Polynesians

Select the correct answer.Which expression is equivalent to [tex]\left(32^2 x^4 y^{12}\right)^{\frac{1}{5}}[/tex]?A. [tex]4 y^2 \sqrt[5]{x^2 y^4}[/tex]B. [tex]4

Which of the following is a consequence of lower SES??a. Lower 'social capital'b. Fewer financial resourcesc. All choices are correct.d. Less parental involveme

A rectangular pan has a length that is [tex]\frac{4}{3}[/tex] the width. The total area of the pan is 432 in.[tex]^2[/tex]. What is the width of the pan?[tex]A

What value(s) of [tex]$x$[/tex] are solutions to the quadratic equation [tex]$x^2 + 12x + 36 = 0$[/tex]?A. [tex][tex]$x = 6$[/tex][/tex]B. [tex]$x = -6$[/tex]C.

Many of the objects in the Sutton Hoo Ship burial are associated with: a) Warfare b) Religious rituals c) Fertility d) Mythology

A seller (or buyer) of a commodity who is unable to affect the price at which a commodity sells by changing the amount it sells (or buys) is called a __________

How do i complete this?

The second meiotic division causes which of the following?a) [tex]2n \rightarrow 2n[/tex] b) [tex]1n \rightarrow 1n[/tex] c) None of these choices is correct.

SonayaE368988 SonayaE368988 · Answer 1 · 2022-11-04T06:55:25-04:00

SonayaE368988 SonayaE368988

04-11-2022

In order to determine if the money saved by David and Sheryl is enough, calculate the 25% of $270,000, as follow:

[tex]\frac{25}{100}\cdot270,000=67,500[/tex]

The previous result mean that David and Sheryl must have at least of $67,500 to obtain a mortgage loan for the house. They have $66,400, then, they don't have the enough money to acces to the mortgage loan.

Answer Link

Sagot :

Other Questions