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Author Question: The Thompson's plan to buy a home for 145,000 with a 15 down payment. The closing costs will be as ... (Read 172 times)

roselinechinyere27m

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on: Jun 24, 2018
The Thompson's plan to buy a home for 145,000 with a 15 down payment. The closing costs will be as follows: inspections, 425; legal fees, 1,295; title insurance, 190; miscellaneous fees, 345. How much cash will be due at signing? How much money will the Thompson's have to borrow?

Question 2

Michael's annual insurance premiums will be as follows: bodily injury, 25.68; property damage, 184.25; collision, 410.60; comprehensive, 131.15. What annual premium will Michael pay for car insurance? If he pays his premium in monthly installments, how much will his monthly premium be?


uniquea123

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Reply #1 on: Jun 24, 2018
Answer to Question 1

24,005, 123,250

Answer to Question 2

751.68, 62.64


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