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The bank has accepted Harriet's application for a mortgage to buy a property worth $325,500. She has to make a down payment of 20 percent of the purchase price. What is the…

The bank has accepted Harriet's application for a mortgage to buy a property worth $325,500. She has to make a down payment of 20 percent of the purchase price. What is the…
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The bank has accepted Harriet's application for a mortgage to buy a property worth $325,500. She has to make a down payment of 20 percent of the purchase price. What is the loan amount?

User Satyendra Fauzdar
by
9.0k points

2 Answers

2 votes

Answer:

the answer is 260,400

Step-by-step explanation:

User Jakub Gawecki
by
7.9k points
6 votes
Harriet has to pay 20 percent of $325,500.
Therefore,
20% off 325500 = 20/100 x 32500
= 65100
Hence,
she would have to pay $65,100
User Makrushin Evgenii
by
9.3k points
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