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OpenStudy (anonymous):
The closing costs for Alicia's mortgage will amount to 5 percent of the purchase price. If the purchase price is $175,000, how much are the closing costs?
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OpenStudy (anonymous):
\[5\% \text { of } \$175,000 = .05\times \$175,000\]
OpenStudy (mertsj):
Just like Satellite said: $8750
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