1.

a. Jack is buying a home for $425,000. His lender is requiring that he has a 20% down payment. He currently has $78,000 in his savings account where will withdraw this money. What will the remaining balance be to cover the down payment for the home purchase? ($3,000 , $7,000 , $78,000 , or $85,000)

b. Addy wishes to purchase a home for $300,000. If she puts down a 30% down payment, what will be the amount of her mortgage loan? ($90,000 , $210,000 , $291,000 , or $320,000)