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A lender requires a minimum down payment of 12% of the value of the home. You have $21,000 cash available to use as a down payment toward a home. Determine the maximum home value that you can finance.
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A lender requires a minimum down payment of 12% of the value of the home. You have $21,000 cash available to use as a down payment toward a home. Determine the maximum home value that you can finance.

You can afford to finance a home worth at most $_____

User Asif Sheikh
by
8.7k points

1 Answer

6 votes

Answer:

$175,000

Explanation:

$21,000 is 12% of $175,000

User TheHungryCub
by
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