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)

## Step 1: Calculate the down payment<br />### The down payment is 20% of the house price, which is $220,000. We can calculate this by multiplying the house price by the percentage expressed as a decimal: $220,000 \times 0.20 = 44,000$.<br /><br />## Step 2: Calculate the financed amount<br />### The financed amount is the difference between the house price and the down payment: $220,000 - 44,000 = 176,000$.