1. Kyung Ja and Hideo Hakola have been granted a m annual interest rate of 7.5 percent for 15 years by USA Mortgage. The
home has a selling price of $105,000. They need a 10 percent down payment.
USA Mortgage will allow them to finance the closing costs as part of the
mortgage. Use the table on page 349 to find the total closing costs. What is
the actual amount financed with the mortgage?
SECTION 10-3 PRACTICE