A ​$108,000 down payment would be? of the purchase price.

45%

Step-by-step explanation:

You need to purchase price to answer this question and I believe that purchase price to be $240,000.

The question wants to know the percentage of the purchase price that the down payment is and to find that out, use the following formula:

= Down payment / Purchase price * 100%

= 108,000 / 240,000 * 100%

= 45%

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

$15.40 per mile

step-by-step explanation:

you have to round up to 4 because 6 is over 5 so you have to round the 3 up to 4