17. Tobuya 220,000 house, the bank requires a 20% down payment. a) How much money is the down payment? (1 pt) b) How much will be financed? (1 pt)

Name: 17. Tobuya 220,000 House, the Bank Requires a 20% Down Payment. A) How Much Money Is the Down Payment? __ (1 Pt) B) How Much Will Be
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Question

17. Tobuya 220,000 house, the bank requires a 20% down payment. a) How much money is the down payment? (1 pt) b) How much will be financed? (1 pt)

Answer 1

### a)

176,000

Answer 2

## Step 1: Calculate the down payment### The down payment is 20% of the house price, which is

220,000 \times 0.20 = 44,000

220,000 - 44,000 = 176,000$.

Question

17. Tobuya 220,000 house, the bank requires a 20% down payment. a) How much money is the down payment? (1 pt) b) How much will be financed? (1 pt)

Solution

Answer

Explanation

Question

17. Tobuya 220,000 house, the bank requires a 20% down payment. a) How much money is the down payment? __ (1 pt) b) How much will be financed? __ (1 pt)

Solution

Answer

Explanation

17. Tobuya 220,000 house, the bank requires a 20% down payment. a) How much money is the down payment? (1 pt) b) How much will be financed? (1 pt)