. If the maximum loan-to-value ratio that a lender will accept on a $100,000 loan is 90 percent, then the borrower must make ________

A minimum down payment of $10,000

To find out how much the borrower must make as a down payment, we need to calculate 10 percent of the loan amount, which is $100,000.

To find 10 percent of a number, you can multiply the number by 0.10 or divide it by 10.

Using multiplication:

$100,000 * 0.10 = $10,000

Alternatively, using division:

$100,000 / 10 = $10,000

Therefore, the borrower must make a down payment of $10,000.

10,000