3 years ago

What is the amount you pay for the purchase of a house that decreases the amount of the loan?

1 answer:

8 0

Down payment is the amount you pay for the purchase of a house that decreases the amount of the loan. It decreases the amount of interest paid over the lifetime of the loan.

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ArbitrLikvidat [17]

Answer:

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Step-by-step explanation:

Use the equation y = kx

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2 = k(16)

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Then, plug in 1/8 as k and 96 as x to find y:

y = 1/8(96)

y = 12

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