PFIN 7:STUDENT EDITION-TEXT
7th Edition
ISBN: 9780357033616
Author: Billingsley
Publisher: CENGAGE L
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Chapter 5, Problem 6FPE
Calculating required down payment on home purchase. How much would you have to put down on a house with an appraised value of $105,000 when the lender required an 80 percent loan-to-value ratio?
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