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OpenStudy (anonymous):
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?
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OpenStudy (anonymous):
She needs a loan for 80%. So multiply 80% by the purchase price.
OpenStudy (anonymous):
325500 x 80% $260,400
OpenStudy (stranger.tz):
so that is loan amount??? @danielle
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