how much money will need to be loaned from the bank after the 10% down payment on a $190,000 asset? down…
how much money will need to be loaned from the bank after the 10% down payment on a $190,000 asset? down payment = $19,000 loan value = $?
Answer
Explanation:
Step1: Identify total asset value
The total asset value is $190000$.
Step2: Calculate loan - value
Loan value = Total asset value - Down - payment. Since down - payment is $19000$, then loan value = $190000−19000$. $190000 - 19000=171000$
Answer:
$171000$