In August $2004,$ Bonnie Martin bought a house for $$395,000.$ She put $20\%$ down and financed the rest with a thirty$-$year loan at the then$-$current rate of

$5$

$3$

$4$

$\%.$

In $2007,$ the real estate market crashed. In June $2009,$ she had to sell her house. The best she could get was $$238,000.$ Was this enough to pay off the loan?

Yes

No

Correct: Your answer is correct.

If so$,$ how much did she profit? If not, how much did she have to pay out of pocket to pay off the loan? $($Round your answer to the nearest cent.$)$

$

Incorrect: Your answer is incorrect.

out of pocket

Correct: Your answer is correct.