Answer:
The correct answer is D. $ 46,914
Step-by-step explanation:
According to the Consumer Financial Protection Bureau, conventional mortgages have a down payment requirement as low as 3 percent, however most typically require a down payment of 5 to 20 percent. Therefore, the best estimate for Jane's down payment is the 20 percent.
Using the values given, we have:
234,570 * 0.2 = 46,914
The correct answer is D. $ 46,914
