A condominium at Mt. Baldy Ski Resort was purchased for $98,000, and a down payment of $16,750 was made. Find the mortgage.
A) $81,250
B) $114,750
C) $40,625
D) $57,375
E) $162,500

Name: A condominium at Mt. Baldy Ski Resort was purchased for $98,000, and a down payment of $16,750 was made. Find the mortgage. A) $81,250 B) $114,750 C) $40,625 D) $57,375 E) $162,500
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

To find the mortgage, we subtract the down payment from the purchase price:

$98,000 - $16,750 = $81,250

Therefore, the best choice is A.

A Condominium at Mt