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March 28, 2017

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Determine the down payment and the amount to be financed for each home described below.
(a) $340,340; 10% down
The down payment is $
The amount to be financed is $

(b) $870,000; 20% down
The down payment is $
The amount to be financed is $

  • ALGEBRA - ,

    (a) $340,340; 10% down

    340,340 * 0.1 = $34,034 is the down payment

    340,340 - 34,034 = $306,306 is the amount to be financed.

    I'll be glad to check your answer for part (b).

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