how much money will need to be loaned from the bank after the 30% down payment on a $820,000 asset? down…
how much money will need to be loaned from the bank after the 30% down payment on a $820,000 asset? down payment = $246,000 loan value = $?
Answer
Explanation:
Step1: Identify the total asset value and down - payment
The total asset value is $820000$ and the down - payment is $246000$.
Step2: Calculate the loan value
The loan value is the total asset value minus the down - payment. So, $820000 - 246000$. $820000-246000 = 574000$
Answer:
$574000$