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trapecia [35]
3 years ago
7

Kevin wants to buy a house that costs $350,000. Kevin will need to go to a bank and obtain a mortgage in order to purchase the h

ouse. The bank requires a 25% down payment. a) How much money will Kevin need for a down payment? b) If he wants to borrow the remaining amount, how much of a loan would he have to obtain?
Business
1 answer:
Anestetic [448]3 years ago
3 0

_________________________________

<h3>a) = 25% × $350,000 ÷ 100</h3><h3> = <u>$87,500</u></h3><h3 /><h3 /><h3>b) = $350,000 - $87,500</h3><h3> = <u>$262,500</u></h3>

_________________________________

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The full question is:

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Alborosie

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