Lucy and ricky buy a home. they plan to make a down payment and carry an $82,500 mortgage. closing costs are $2,000 and are added to the loan amount. what is the new amount being financed?

a) $80,500
b) $84,500
c) $78,500

The correct answer is option B $84500

Explanation:                        

Total amount of the mortgage = $82500

Closing costs that are added to the loan amount = $2000                            

So, the complete amount becomes = (mortgage and closing costs are always added)

Hence, the complete new amount that will be financed will be $84,500.                              

so, converting firstly the mixed fractions to improper fractions and then "adding".

no

step-by-step explanation: