Will you help me with this "homework" question, please?

Will you help me with this "homework" question, please?
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1 Answer

Answer :

answer:The down payment is 6% of the purchase price. 6% * 79650 = 4,779 The first mortgage is 83% of the purchase price. 83% * 79650 = 66,109.50 Deduct those two amounts from the purchase price of 79,650 leaves a balance to be financed by the second mortgage of $8,761.50
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