Question: Chapter 5 Financial Planning Exercise 4 Calculating required down payment on home purchase How much would you have to put down on a house costing

Chapter 5 Financial Planning Exercise 4 Calculating required down payment on

Chapter 5 Financial Planning Exercise 4 Calculating required down payment on home purchase How much would you have to put down on a house costing $80,000 if the house had an appraised value of $75,000 and the lender required an 80% loan-to-value ratio? Ignore any closing costs

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