abbyM7725 abbyM7725

09-03-2021
Mathematics

contestada

Suppose that 10 years ago you bought a home for $130,000 paying 10% as a down payment, and financing the rest at 9% interest for 30 years. How much money was your existing loan for.

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09-03-2021

Answer:

13,000

Step-by-step explanation:

10% of the original purchase price of $130,000.

130,000 x .10 = 13,000

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