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

Problem

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question

A man buys a house and lot for 35,000,paying35,000, paying 12,000 down and borrowing the balance on a 6% mortgage due in 10 years. He pays real-estate taxes of 240,awatertaxof240, 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?

category

business

options

  1. $210 per month
  2. $265 per month
  3. $275 per month
  4. $200 per month
  5. $250 per month
  6. $220 per month
  7. $255 per month
  8. $245 per month
  9. $235 per month
  10. $230 per month

src

stemez-Business

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