How much cash MUST a buyer furnish in addition to a $2,500 deposit if the lending institution grants a 90% loan on an $80,000 property?
A. $5,500
B. $6,975
C. $7,450
D. None of the above
Answer:A
How much cash MUST a buyer furnish in addition to a $2,500 deposit if the lending institution grants a 90% loan on an $80,000 property?
A. $5,500 B. $6,975 C. $7,450 D. None of the above