pinonalianna01 pinonalianna01
  • 09-03-2018
  • Mathematics
contestada

if the mortgage lender requires a minimum 7.5% down payment on a $250,000 house, how much will you be financing

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PotatoFam
PotatoFam PotatoFam
  • 09-03-2018
It is 2000000000 because Josh is down with 7.5% and yeahhh
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linkrdzp5aa61
linkrdzp5aa61 linkrdzp5aa61
  • 09-03-2018
7.5% will be translated to 0.075 for use in our computation. $250,000 is our principal value, so to find the total down payment, multiply the percentage with the principal value, which is $18,750
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good job