Register

Mike wants to purchase an $11,350 car with a loan from a credit union that requires a 20% down payment. what amount will Mike borrow from the credit union?

Mike wants to purchase an $11,350 car with a loan from a credit union that requires a 20% down payment. what amount will Mike borrow from the credit union?
asked 117k views
2 votes
Mike wants to purchase an $11,350 car with a loan from a credit union that requires a 20% down payment. what amount will Mike borrow from the credit union?

asked
User Abhishekcghosh
by
7.8k points

1 Answer

4 votes
He will borrow 80% of the cost of the car.
80/100*11350= $ 9080
answered
User Merline
by
8.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What can turn igneous rock into sediment?
What is meant by data mining ?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!