Gerry is buying 80 acres of farmland that cost $250,000.
and he can afford a $1,150 monthly payment.
He will take out a 20-year loan with a 1.9% annual interest rate,
What minimum down payment must Gerry make to keep his monthly payment at or below $1,150?
(Answers are rounded to the nearest 10 dollars.)
• $26,000
© $3,310
O $4,360
O $20,530