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13 October, 04:28

The closing costs for Alicia's mortgage will amount to 5 percent of the purchase price. If the purchase price is $175,000, how much are the closing costs?

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  1. 13 October, 04:33
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    5 % = 0.05

    $175,000 · 0.05 = $8,750

    Answer: The closing costs are $8,750
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