Lucy and Ricky buy a home. They plan to make a down payment and carry an $82,500 mortgage. Closing costs are $2,000 and are added to the loan amount. What is the new amount being financed?

a) $80,500

b) $84,500

c) $78,500

Question

Bethany Gentry

12 October, 12:33

+3

Answers (2)

Know the Answer?

Morgan Valenzuela · Answer 1

You just add the loan amount to the costs, so the answer is b. $84,500

Cohen · Answer 2

The awnser is b um I won't say anything else

Lucy and Ricky buy a home. They plan to make a down payment and carry an $82,500 mortgage. Closing costs are $2,000 and are added to the loan amount. What is the new amount being financed?a) $80,500b) $84,500c) $78,500