how much money will need to be loaned from the bank after the 18% down payment on a $400,000 asset? down…
how much money will need to be loaned from the bank after the 18% down payment on a $400,000 asset? down payment = $72,000 loan value = $?
Answer
Explanation:
Step1: Identify the total asset value and down - payment
The total asset value is $400,000 and the down - payment is $72,000.
Step2: Calculate the loan value
The loan value is the total asset value minus the down - payment. So, $400000 - 72000$. $400000-72000 = 328000$
Answer:
$328,000$