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

Study for the Magnolia Real Estate State Exam. Sharpen your skills with flashcards and multiple-choice questions; each question offers hints and explanations. Prepare to excel in your exam!

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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