Mathematics, 03.11.2019 22:31, avree6692
The biggest single purchase that most people make in their lives is the purchase of a home. most home owners have to finance the purchase with an installment loan. assume you have found your new home and it costs $245,000. you need to have a 20% down payment.
determine the 20% down payment and the amount of the mortgage loan. assume any other costs will be taken care of at settlement and not incorporated into the loan.
the down payment is
$
nothing
and the mortgage loan amount is
$
nothing.
Answers: 3
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The biggest single purchase that most people make in their lives is the purchase of a home. most hom...
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