You want to purchase a home for $200,000. The loan will be compounded monthly, has a rate of 3%, and the term is 15 years. How
much money would you have saved (in interest) if you had $40,000 in cash
as a down-payment? Provide an numeric answer rounded to the nearest dollar.

Simonne used the following steps to simplify the given expression. 12-3(-2x+4) step 1: 12+(-)+(-3)(4) step 2: 12+6x+(-12) step 3: 12+(-12)+6x step 4: 0+6x step 5: 6x what property of real numbers was used to transition from step 3 to step 4? •identity property of addition •inverse property of addition •associative property of addition •commutative property of addition