7
QuizMultiple Choice

Mortgages

Question 7 of 10 • Financial Math A

Vanessa bought a house for $268,500. She has a 30 year mortgage with a fixed rate of 6.25%. Vanessa’s monthly payments are $1,595.85. How much was Vanessa’s down payment? a. $9,314.45 b. $16,781.25 c. $40,275.00 d. $53,040.00 Please select the best answer from the choices provided

Answer
A
A
B
B
C
C
D
D
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