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Question
Reiko Wakui wants to buy a home for . She expects to make a down payment and estimates her closing costs as: legal fees, $1,350; title insurance,; property survey, ; inspection, ; loan processing fee, $96; recording fee, $540.
What amount of cash will she need when she buys the house?
Solution
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1 of 2The cash needed is the sum of the down payment and the closing costs.
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