A lender requires a minimum down payment of 18% of the value of the home. You have $22,000 cash available to use as a down payme
nt toward a home. Determine the maximum home value that you can finance.
1 answer:
$18,040. $22,000 x 18% = $3,960.
$22,000 - $3,960 = $18,040.
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