The Rubio family is considering purchasing a $230,000 home with a 15% down payment, 30 year mortgage, at an interest rate of 4.6%, What is the down payment?

Respuesta :

Answer:

Step-by-step explanation:

To find the down payment for the Rubio family's home purchase, we need to calculate 15% of the total cost of the home.

The total cost of the home is given as $230,000, and the down payment is 15% of this amount. To find 15% of $230,000, we can multiply the total cost by 0.15:

$230,000 * 0.15 = $34,500

Therefore, the down payment for the Rubio family's home purchase is $34,500.

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