Question: Pls show work using financial formulas. Suppose you currently have $150,000 and you want to buy a house which will cost about $1,000,000. You figure

Pls show work using financial formulas.

Suppose you currently have $150,000 and you want to buy a house which will cost about $1,000,000. You figure you need to have a 20% down payment plus an additional 5% of the loan amount for closing costs. If you invest in stock A, you can earn 7.5% per year. (1) How much is the down payment and how much is the closing costs?

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