Asked by Anonymous

The mortgage company requires a down payment of $11,500 on a $70,000 house. How much down payment would be required on a house costing $87,500?
Answered by Ms. Sue
11,500/70,000 = 0.1643 = 16.43%

87,500 * 0.1643 = ?

Answered by Anonymous
$14,367.25
Answered by Ms. Sue
Right.
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