Renauld has to pay 2 percent in closing costs and 14 percent for the down payment on a purchase of $170,500. Over the life of his loan, he will pay $163,021.87. What is the total cost of his house?. A. $166,431.87. B. $186,891.87. C. $190,301.87
The total
cost of Renauld’s house is $190,301.87. The technique here is to know the value of the closing
costs and the down payment so the correct answer between all the choices
given is the last choice or letter C. I am hoping that this answer has
satisfied your query about this specific question.
