select the correct answer. ann is buying a house that costs $250,000. she is making a down - payment of 15…

select the correct answer. ann is buying a house that costs $250,000. she is making a down - payment of 15 percent, and her closing costs will amount to 3 percent. over the life of her loan, she will pay $282,089.89 in monthly payments. what is the total cost of her house?\n\na. $327,089.89\n\nb. $338,390.89\n\nc. $339,560.89

select the correct answer. ann is buying a house that costs $250,000. she is making a down - payment of 15 percent, and her closing costs will amount to 3 percent. over the life of her loan, she will pay $282,089.89 in monthly payments. what is the total cost of her house?\n\na. $327,089.89\n\nb. $338,390.89\n\nc. $339,560.89

Answer

Answer:

B. $338,390.89

Explanation:

Step1: Calculate down - payment amount

Down - payment = $250000\times0.15=$37500$

Step2: Calculate closing costs amount

Closing costs = $250000\times0.03=$7500$

Step3: Calculate total cost

Total cost = Down - payment+Closing costs+Loan payments Total cost = $37500 + 7500+282089.89=$338390.89$