how much money is needed to make a 20% down payment on a $120,000 asset? down payment = $?
how much money is needed to make a 20% down payment on a $120,000 asset? down payment = $?
Answer
Explanation:
Step1: Convert percentage to decimal
$20%=0.2$
Step2: Calculate down - payment
$0.2\times120000 = 24000$
Answer:
$24000$