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MMLU-Pro / 105 / A man buys a house and lot for 35,000,paying12,000 down and borrowing the…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

A man buys a house and lot for

35,000, paying

12,000 down and borrowing the balance on a 6% mortgage due in 10 years. He pays real-estate taxes of

240, a water tax of

30, and insurance premiums of $70 a year. Allowing 4% interest on his investment, and 2% depreciation on the house valued at $ 25,000, what is the cost per month of owning the home if repairs average $120 a year?

Plain-text mathematical notation (without MathML)

A man buys a house and lot for 35,000,paying12,000 down and borrowing the balance on a 6% mortgage due in 10 years. He pays real-estate taxes of 240,awatertaxof30, and insurance premiums of $70 a year. Allowing 4% interest on his investment, and 2% depreciation on the house valued at $25,000, what is the cost per month of owning the home if repairs average $120 a year?

Original LaTeX notation

A man buys a house and lot for $35,000, paying $12,000 down and borrowing the balance on a 6% mortgage due in 10 years. He pays real-estate taxes of $240, a water tax of $30, and insurance premiums of $70 a year. Allowing 4% interest on his investment, and 2% depreciation on the house valued at $25,000, what is the cost per month of owning the home if repairs average $120 a year?

src

stemez-Business

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Source and history

upstream_id / Original problem ID: 105
task_id: 11061e7b-519f-5162-9667-2942c40d2e57
task_key: default--test--105
task_revision_id: 1
config / split: default / test

Official source

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