how much money will need to be loaned from the bank after the 15% down payment on a $750,000 asset? down…
how much money will need to be loaned from the bank after the 15% down payment on a $750,000 asset? down payment = $112,500 loan value = $?
Answer
Explanation:
Step1: Identify the total asset value and down - payment relationship
The loan value is the total asset value minus the down - payment.
Step2: Calculate the loan value
The total asset value is $750000$ and the down - payment is $112500$. The loan value $V$ is $V = 750000−112500$. $V=637500$
Answer:
$637500$