What is the sum of total mortgages of $157,000 and $200,499?

Prepare for the Magnolia Real Estate State Exam. Study with flashcards and multiple choice questions, each with hints and explanations. Ace your exam with confidence!

To find the sum of the total mortgages, simply perform the addition of the two specified amounts: $157,000 and $200,499.

When you add these two figures together:

  1. Start with $157,000.

  2. Add $200,499 to it.

This can be broken down as follows:

  • First, add the thousands: $157,000 + $200,000 equals $357,000.

  • Next, add the remaining $499 to $357,000, which gives you $357,499.

Thus, the correct total sum of the two mortgages is $357,499. This aligns with the answer provided, highlighting that accurate summation without skipping steps ensures clarity in financial calculations.

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