Patti green and her husband are purchasing a condominium for $123,000. They have $15,000 for a down payment. What is the amount
of their mortgage loan?
1 answer:
Answer:
The amount of their mortgage loan is $108000
Step-by-step explanation:
we are given
total purchasing amount =$123000
down payment amount = $15000
we know that
Mortgage loan amount = (total purchasing amount)-(down payment amount)
now, we can plug value
Mortgage loan amount = $123000-$15000
Mortgage loan amount =$108000
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