Suppose that 10 years ago you bought a home for $130,000 paying 10% as a down payment, and financing the rest at 9% interest for
30 years. How much money was your existing loan for.
1 answer:
Answer:
13,000
Step-by-step explanation:
10% of the original purchase price of $130,000.
130,000 x .10 = 13,000
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