Question

Identify the value of (t): Becky is buying a house and will be financing it. She will borrow $155,000 at 4.5% for a quarter of a century

Answer 1

$329,375

Explanation:

first take 155000 x 4.5% = 6975

take 6975 × 25 years = 174,375.

t or the total cost is 155,000 + 174,375 = $329,375