Question: Select the correct answer. Renauld has to pay 2 percent in closing costs and 14 percent for the down payment on a purchase of $170,500.

Select the correct answer. Renauld has to pay 2 percent in closing costs and 14 percent for the down payment on a purchase of $170,500. Over the life of his loan, he will pay $163,021.87. What is the total cost of his house? A. $166,431.87 B. $186,891.87 C. $190,301.87

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