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Use the table to answer the question
Final Settlement Statement
Contract sales price (1) $118,000.00
Settlement charges to borrower (2) $3,491.04
Gross amount due from borrower (3)=(1)+(2)
Deposit or earnest money (4)
$500.00
Principal amount of new loan (5) $94.400.00
County taxes (half year) (6)
$605.36
Total paid by borrower (7=(4)+(5)+(6)
Gross amount due from borrower (8)=(9)+(10)
Less amount paid by borrower (9) $95,505.36
Cash from borrower
(10) $25,985.68
What amount goes in line 7?
O A $92,080.35
O B. $94,180.83
OC. $95,505.36
O D. $97,800.43

Use the table to answer the question Final Settlement Statement Contract sales price 1 11800000 Settlement charges to borrower 2 349104 Gross amount due from bo class=

Respuesta :

Total amount paid by borrower or The amount that goes in line 7 is: Option C: $95505.36

What is the disadvantages of buying and owning a home?

Owning a home is, mostly full of advantages, such as your rent is saved, you're having a self-owned place, so freedom to do your things without worries, etc.

The disadvantage of owning and purchasing a home such as An individual assumes all responsibility for maintenance and repair of owned property.

From the table, it is visible that:

Amount in line (7) = (4) + (5) + (6)

or

Total amount paid by borrower = $500 + $94,400 + $605.36 =  $95505.36

Thus, The amount that goes in line 7 is: Option C: $95505.36

Learn more about addition here:

brainly.com/question/1709448

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