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5 December, 10:03

Eric has saved $18,300 toward a down payment on a house. He makes a salary of $59,750 a year. What is the maximum he could afford to borrow to buy a house? a) $90,500

b) $101,200

c) $119,500

d) $137,800

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Answers (2)
  1. 5 December, 12:58
    0
    D. 137,800 because 59750 + 18300 is 78050 then add one more year of work 59750 and you get 137800 and you cant get anymore or you will be working forever.
  2. 5 December, 13:44
    0
    From the

    well

    assuming that he spends all his savings on the house and doesn't eat or spend on anything else and that he pays per year

    experimient

    down+other=total

    18300 + (59750 times years) answer

    if years=1 then

    tota=78050 which is not listed

    if years=2 then

    total=137800

    that is lats choice

    answe is last choice (D)

    (I actually don't know since question is not clear)
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