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If you buy a home for $100,000 and put up for 20,000 for your down payment, what will be the principal amount of the actual money you will borrow with the loan? A: $120,000 B: $…

If you buy a home for $100,000 and put up for 20,000 for your down payment, what will be the principal amount of the actual money you will borrow with the loan? A: $120,000 B: $…
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If you buy a home for $100,000 and put up for 20,000 for your down payment, what will be the principal amount of the actual money you will borrow with the loan?

A: $120,000
B: $80,000
C: $20,000
D: $100,000

asked
User Acoustic
by
8.4k points

1 Answer

3 votes
B, $80,000 100- 20=80
answered
User Elgui
by
8.3k points
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