how much money will need to be loaned from the bank after the 10% down payment on a $200,000 asset? down…

how much money will need to be loaned from the bank after the 10% down payment on a $200,000 asset? down payment = $20,000 loan value = $?

how much money will need to be loaned from the bank after the 10% down payment on a $200,000 asset? down payment = $20,000 loan value = $?

Answer

Explanation:

Step1: Calculate remaining amount

The asset value is $200,000 and down - payment is 10% of it. We want to find the loan amount which is the remaining value after down - payment. $200000-20000$

Step2: Get loan value

$200000 - 20000=180000$

Answer:

$180,000$