Vivian Tom purchased a home for $200,000. Find the mortgage if the down payment Vivian made is 10% of the purchase price.

Name: Vivian Tom purchased a home for $200,000. Find the mortgage if the down payment Vivian made is 10% of the purchase price.
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Question

Quizplus · Accepted Answer

Vivian Tom made a down payment of 10% of the purchase price which is:
10% x $200,000 = $20,000
The mortgage is the remaining amount:
$200,000 - $20,000 = $180,000

Vivian Tom Purchased a Home for $200,000