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28 November, 16:11

You are purchasing a home for $145,000. In order to get a 30 year fixed mortgage rate of 4.5%, the bank requires a 20% down payment.

What is the down payment amount?

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  1. 28 November, 16:32
    0
    20% of $145,000 is

    0.2*$145,000 = $29,000

    Answer: $29,000
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