Problema Solution
The home you select costs 400,000 and you pay 10% down. What is your down payment? How much will be financed?
Answer provided by our tutors
the down payment is 10% of 400,000 or:
0.10*400,000 = $40,000
what is left is: 400,000 - 40,000 = $360,000 to be financed.