Question: Chapter 5 Financial Planning Exercise 6 Calculating required down payment on home purchase How much would you have to put down on a house
Chapter 5 Financial Planning Exercise 6 Calculating required down payment on home purchase How much would you have to put down on a house with a selling price of $90,000 and an appraised value of $82,000 when the lender required an 80% loan-to-value ratio? $
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To calculate the required down payment on a home purchase we need to consider the loantovalue LTV ra... View full answer
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