You want to purchase a house in 10 years. you estimate the cost will be $184,500.00. you want to make a 20% down payment and pay closing costs, which are 8.5%. how much are the down payment and closing costs?

1)$48,091.71
2)$56,011.68
3)55,605.38
4)52,582.50

The correct answer option is 4) 52,582.50.

Step-by-step explanation:

We need to purchase a house in 10 years with estimated cost of $184,500.00 and want to make a  20% down payment and pay closing costs, which are 8.5%.

So the amount we need to pay as down payment will be =

While the amount which is to be paid for pay closing costs would be =

Therefore, the total payable amount = $36900 + $15682.5 = $52582.50

x = -3

y = -18

step-by-step explanation:

to solve by substitution, substitute one variable and solve for the other. then substitute again to find the remaining variable.

x-1/3(3x-9) = -3 since y=3x-9 substittute y.

x-1/3(3x-9)=-3

x + x +3 = -3

2x+3=-3

2x+3-3= -3-3

2x=-6

x=-3

substitute again into y=3x-9

y=3(-3)-9

y=-9-9

y=-18