Rich is buying a home for $244,800. he is making a 15% down payment and financing the rest with a 25-year loan a 5.25% interest

a. $1149.02

b. $1216.44

c. $1246.82

d. $1466.84

C. $1246.82

Step-by-step explanation:

Using the factor shown in the table for a 25-year loan at 5.25%, the calculated payment is ...

5.992·(244.8·0.85) = 1246.82

The factor of 0.85 on the home price represents the effect of subtracting 15% from the price to get the loan value. Of course, the home price is the number of thousands, so is 244.8 thousand.

_____

If you do the calculation, rather than use a factor from a table, you get a mortgage payment value of $1246.91. This suggests that the numbers in the table need more significant digits for loan values this high.

with btw u said 100pts but it clearly says

i answerd and just got 10pts

no hate

answer 1 : option "c"

answer 2 : option "d"

answer 3 : option "b"

answer 4 : option "d"

answer 5 : option "b"

answer 6 : option "a"

answer 7 : option "c"

answer 8 : option "d"

answer 9 : option "c"

answer 10 : option "d"

answer 11 : option "c"

answer 12 option "b"

answer 13 option "c"

answer 14 option "c"

answer 15 option "d"

answer 16 option "a"

answer 17 option "b"

answer 18 option "c"

answer 19 option "a"

answer 20 option "a"

answer 21 option "c"

d