You want to purchase a house in 10 years. you estimate the cost will be $184,500.00. you want to make a 20% down payment and pay closing costs, which are 8.5%. how much are the down payment and closing costs?

1)$48,091.71
2)$56,011.68
3)55,605.38
4)52,582.50

The correct answer option is 4) 52,582.50.

Step-by-step explanation:

We need to purchase a house in 10 years with estimated cost of $184,500.00 and want to make a  20% down payment and pay closing costs, which are 8.5%.

So the amount we need to pay as down payment will be =

While the amount which is to be paid for pay closing costs would be =

Therefore, the total payable amount = $36900 + $15682.5 = $52582.50

two? xd

step-by-step explanation: