Max is buying a home worth $250,000. He will pay 3 percent in closing costs and 12 percent for a down payment. Calculate how much he will pay for each of these one-time fees.

A. He will have to pay $7,500 as closing costs and $30,000 as down payment.

B. He will have to pay $30,000 as closing costs and $7,500 as down payment.

C. He will have to pay $3,000 as closing costs and $75,000 as down payment.

Question

Max is buying a home worth $250,000. He will pay 3 percent in closing costs and 12 percent for a down payment. Calculate how much he will pay for each of these one-time fees.

A. He will have to pay $7,500 as closing costs and $30,000 as down payment.

B. He will have to pay $30,000 as closing costs and $7,500 as down payment.

C. He will have to pay $3,000 as closing costs and $75,000 as down payment.

tkhunny · Answer

Why not calculate the values?

250000 * 0.03 = ??
250000 * 0.12 = ??

anonymous · Answer

i dont understand this one, what is the answer?

tkhunny · Answer

You're new, here.  The idea is for you to show YOUR work.  Please give the Code of Conduct a good read.  All you have to do is follow the prior instruction.  There isn't much else to it.