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

Chapter 5 Financial Planning Exercise 5 Calculating required down payment on home purchase

How much would you have to put down on a house costing $170,000 if the house had an appraised value of $166,000 and the lender required an 80% loan-to-value ratio?

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