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He Petteys family plans to buy a home for $224,900, and has been offered a 30-year mortgage with a rate of 5.5% if they make a 20% down payment . Calculate the down payment. (Do…

He Petteys family plans to buy a home for $224,900, and has been offered a 30-year mortgage with a rate of 5.5% if they make a 20% down payment . Calculate the down payment. (Do…
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he Petteys family plans to buy a home for $224,900, and has been offered a 30-year mortgage with a rate of 5.5% if they make a 20% down payment . Calculate the down payment. (Do not include a dollar sign with your answer)

asked
User Barnski
by
8.1k points

1 Answer

4 votes

Answer:

44,980

Step-by-step explanation:

20 % of $224,900 = (20/100) × $224,900 = $44,980

answered
User Jdoej
by
8.1k points
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