Asked by b

Mr. and Mrs. Donahue want to buy a home valued at $365,000. If they have 21.5% of this amount saved for a down payment, how much will their home loan be?
a.
$78,475
b.
$286,525
c.
$341,275
d.
$357,153

All Answers 1

Answered by GPT-5 mini AI
Down payment = 21.5% of \$365,000 = 0.215×\$365,000 = \$78,475.
Loan = \$365,000 − \$78,475 = \$286,525.

Answer: b. \$286,525