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A lender requires a down payment of 18% toward the value of a new home. Renee bought a new home for $340,000. What will her down payment be?

A lender requires a down payment of 18% toward the value of a new home. Renee bought a new home for $340,000. What will her down payment be?
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A lender requires a down payment of 18% toward the value of a new home.

Renee bought a new home for $340,000. What will her down payment be?

User Dmonlord
by
8.6k points

1 Answer

3 votes

Answer: 61200

Explanation:

Downpayment=downpayment percent * cost=0.18*340000=61200

User MwKART
by
7.7k points
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