B. Solve for the missing side.
5
43
Y

My answer is 215

Step-by-step explanation:

I multiply the 43 by 5 and get 215 for my answer

P =[ (rM)/[1 – (1+ r/n)]^(-nt)] /  n

where P = the payment, r = the annual rate, M = the mortgage amount, t = the number of years, and n = the number of payments per year.

1558.09 = [ (0.05875M)/[1 – (1+ 0.05875/12)]^(-12(20)] /  12

The solve for M

M = 219684.92

Downpayment = 267900 -219684.92

Downpayment = 48215.08

Percentage of downpayment = (48215.08/267900) *100

= 18%