how much money is needed to make a 6.5% down payment on a $500,000 asset? down payment = $?
how much money is needed to make a 6.5% down payment on a $500,000 asset? down payment = $?
Answer
Explanation:
Step1: Convert percentage to decimal
$6.5%=0.065$
Step2: Calculate down - payment
$0.065\times500000 = 32500$
Answer:
$32500$