Answer:
Her down payment needs to be at least $29,200.
Explanation:
If your down payment is 20% of the price of the home, you do not need to pay for private mortgage insurance.
This question can be solved as a rule of three. $146,000, the price of the home, is decimal 1. How much is decimal 0.2, that is, 20%?
146000 - 1
x - 0.2
[tex]x = 0.2*146,000 = 29,200[/tex]
Her down payment needs to be at least $29,200.
