Example 1: Becky and Jim Smith decided to buy their first house. The house they
chose cost $78,500. Their bank told them they needed a 5% down payment. How
much was the Smith's down payment?
9) Tony's monthly salary is $1882. His wife makes $1644 a month.
How much should they be able to afford for a house?
Oa.) $102,780
Ob.) $104,780
Oc.) $105,780
Od.) $106,780
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