Camilla purchases a drying machine for her floral designs and arranges an equipment loan with the supplier.The drying machine is priced at $4,000.How much down payment will be required from Camilla?

Question

Quizplus · Accepted Answer

The down payment is typically a percentage of the purchase price. Assuming a common down payment rate of 25%, Camilla would need to pay $1,000 (25% of $4,000), which falls within the range of $1,000-$1,400.

Camilla Purchases a Drying Machine for Her Floral Designs and Arranges