You have recently taken out a loan for a new home. You place 10% down and finance the remaining balance. As part of the closing cost, you are required to pay 2.5 points. Determine the amount of the loan prior to the addition of the 2.5 points to the loan if the final loan amount was for $151,625. Round your answer to the nearest cent. a. $149,384.24 c. $147,926.83 b. $148,651.96 d. $147,208.74

answer is 8 r5

step-by-step explanation:

a. (14,375+570)(5.3) b. 158,417$

step-by-step explanation:

a. you are basically just setting up the equation. f= amount of debt hence 14,375. g= how much she is borrowing from her parents weekly hence 570 and t= the interest on her debt. creating the equation.

b.   14,375+570= 14,945

      14,945 x 5.3 = 79,208.5

      79,208.5 x 2(years) = 158,417(answer)

i dont know

step-by-step explanation:

the reason i dont know is because i have not taken this class and for that reason i haven't learned this stuff

hope i could