Flynn Peters
08/25/2023 · Primary School

39. Lois Lane can obtain an \( 80 \% \) conventional loan to purchase a home selling for \( \$ 428,000 \). If the property appraises for \( \$ 425,000 \), what will be the required down payment if she buys it for the asking price

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The required down payment is \( \$88,000 \).

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