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Travis took out an 80/20 mortgage on a $175,000 home. What is the amount financed under the first mortgage? A. $164,000 B. $175,000 C. $35,000 D. $140,000

Travis took out an 80/20 mortgage on a $175,000 home. What is the amount financed under the first mortgage? A. $164,000 B. $175,000 C. $35,000 D. $140,000
asked 126k views
17 votes
Travis took out an 80/20 mortgage on a $175,000 home. What is the amount

financed under the first mortgage?
A. $164,000
B. $175,000
C. $35,000
D. $140,000

asked
User Hamlet Hakobyan
by
7.7k points

2 Answers

5 votes

The answer is D 140,000

answered
User Jerrah
by
8.5k points
9 votes

Answer:

D 140,000


175000 / .20 =

answered
User Thomas Vetterli
by
8.8k points
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