Inez has to pay 4 percent in closing costs and 16 percent for the down payment on a purchase of $225,500 with an arm. over the life of the loan, she will pay $262,072.72. what is the total cost of her house? $307,172.72 $302,771.72 $301,217.72

The correct option is 1.

Step-by-step explanation:

It is given that Inez has to pay 4 percent in closing costs and 16 percent for the down payment on a purchase of $225,500 with an ARM.

So, Inez has to pay 20% of $225,500.

Therefore Inez has to pay $45100 as closing cost and down payment.

Over the life of the loan, she will pay $262,072.72.

The total cost of her house is the sum of $262,072.72 and $45100. Because the total cost is the sum of down payment, closing cost and the payments over the life of the loan.

Therefore the correct option is 1.

b. x- 48 =120

step-by-step explanation:

step-by-step explanation: