how much money will need to be loaned from the bank after the 20% down payment on a $200,000 asset? down…

how much money will need to be loaned from the bank after the 20% down payment on a $200,000 asset? down payment = $40,000 loan value = $?

how much money will need to be loaned from the bank after the 20% down payment on a $200,000 asset? down payment = $40,000 loan value = $?

Answer

Answer:

$160,000$

Explanation:

Step1: Calculate remaining amount

The asset value is $200000$ and the down - payment is $20%$ of it. First, we find the down - payment amount which is given as $40000$. To find the loan value, we subtract the down - payment from the asset value. $200000−40000$

Step2: Get the result

$200000 - 40000=160000$