Multiple Choice
If the maximum loan-to-value ratio that a lender will accept on a house costing $100,000 is 80%, then the borrower must make a down payment of at least:
A) $100,000.
B) $80,000.
C) $180,000.
D) $20,000.
E) $120,000.
Correct Answer:
Verified
Correct Answer:
Verified
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