A Cattle Rancher Purchased a Home for $290,000

Multiple Choice

A cattle rancher purchased a home for $290,000. The bank requires a down payment of 15% of the purchase price.
a. Find the down payment.
b. Find the mortgage.

A) a) $43,500; b) $61,625
B) a) $32,625; b) $246,500
C) a) $10,875; b) $184,875
D) a) $43,500; b) $246,500
E) a) $32,625; b) $61,625