bewellplus.gsu.edu
jy123 jy123
  • 06-10-2016
  • Mathematics
Answered

The bank has accepted Harriet's application for a mortgage to buy a property worth $325,500. She has to make a down payment of 20 percent of the purchase price. What is the loan amount

Verified Answer :

isaacholton7
isaacholton7 isaacholton7
  • 06-10-2016

The answer is $65,100 

I got that by multiplying the Property Value ($
325,500) by the percent owed (20% or 0.2)

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