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7nadin3 [17]
3 years ago
12

ABC bank requires a 20% down payment on all of its home loans. If a house is priced at $165000 what is the amount of the down pa

yment required by the bank
Business
2 answers:
LekaFEV [45]3 years ago
8 0

The required down payment would be 165,000 * .2 = 33,000

ratelena [41]3 years ago
3 0

Answer:

The correct answer would be $33,000.

Explanation:

If a person takes loan from a bank for purchasing his house which is priced $165,000, then this bank can demand a down payment. This down payment can be of different percentage like 10%, 15%, 20%, etc. If the bank demands 20% down payment on all of its home loans, then a person who is going to take loan for purchasing a house of worth 165,000 dollars will have to give a down payment of

165000 * 20%

165000 * 0.2

33000 Dollars

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