how much money will need to be loaned from the bank after the 20% down payment on a $150,000 asset? down…

how much money will need to be loaned from the bank after the 20% down payment on a $150,000 asset? down payment = $30,000 loan value = $?

how much money will need to be loaned from the bank after the 20% down payment on a $150,000 asset? down payment = $30,000 loan value = $?

Answer

Explanation:

Step1: Calculate the remaining amount

The asset value is $150000$ and the down - payment is $20%$ of it. We first find the down - payment amount which is given as $30000$. To find the loan value, we subtract the down - payment from the asset value. $150000−30000$

Answer:

$120000$