how much money will need to be loaned from the bank after the 3.5% down payment on a $180,000 asset? down…
how much money will need to be loaned from the bank after the 3.5% down payment on a $180,000 asset? down payment = $6,300 loan value = $?
Answer
Answer:
$173700$
Explanation:
Step1: Calculate remaining amount
The total asset value is $180000$ and the down - payment is $6300$. The loan value is the total asset value minus the down - payment. $180000 - 6300$
Step2: Get the result
$180000-6300 = 173700$