how much money is needed to make a 3.5% down payment on a $180,000 asset? down payment = $?
how much money is needed to make a 3.5% down payment on a $180,000 asset? down payment = $?
Answer
Answer:
$6300$
Explanation:
Step1: Convert percentage to decimal
$3.5%=0.035$
Step2: Calculate down - payment
$180000\times0.035 = 6300$