Suppose that you are buying a house for $205,000. The loan is at a fixed APR of 3.5% for 30 years. Option 1: Making a down payment 1. If a 10% down…

Suppose that you are buying a house for $205,000. The loan is at a fixed APR of 3.5% for 30 years. 

Option 1: Making a down payment 

• 1. If a 10% down payment is required, calculate this amount: what is the amount