You have been working for five years after college and are ready to buy your first home. Homes in the area you want to live in cost $250,000. The biggest mortgage you can afford is $150,000. What is the down payment you will need to pay?

$250 deductible means jane must pay the first $250 of her bill. so the insurance company paid = (80% of bill) - deductible = (0.8 x $2550) - $250 = $2040 - $250 = $1790 and jane's cost is = (bill) - (insurance payment) = $2550 - $1790 = $760

What does i equal do u know