Question

will give medals .. please help.

A house sold for $500,000. The mortgage on the house is $350,000. The documentary stamp tax on the deed is $0.80 per $100 or portion thereof. How much is the documentary stamp tax on the deed?

Answer 1

(500000 + 350000)/100
Then multiply by .8

Answer 2

8500 x .8 =?

Answer 3

402,800

Answer 4

6,800

Answer 5

Correct! $6800 is the documentary stamp tax :)

Answer 6

its wrong :(

Answer 7

Ella obtains a $750,000 balloon mortgage for an investment property. The mortgage has terms of 15/3 at an interest rate of 5.5%. The monthly payment is $6,128.13. How much is the remaining balance after 3 years rounded to the nearest dollar?

Answer 8

wrong? let's see here...

try 2800

Answer 9

350,000 / 100 x .8
2800

Answer 10

that's it. thank u