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Multistate Fixed Rate Note, Installment Payments UnSecured  Form

Multistate Fixed Rate Note, Installment Payments UnSecured Form

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you want to buy a 222 thousand dollar home you plan to pay 10 as a down payment and take out a 30-year loan for the rest part a how much is the loan amount going to be because you are putting 10 percent down the loan amount is going to be ninety percent of two hundred twenty two thousand dollars since one hundred percent minus ten percent is ninety percent so we need to find ninety percent of two hundred twenty two thousand to find the percent of a number we convert the percent to a decimal and multiply ninety percent as a decimal is zero point nine zero or just zero point nine giving us zero point nine times two hundred twenty-two thousand and now let's go to the calculator 0.9 times 222 000 is 199 800 and therefore the loan amount is one hundred ninety nine thousand eight hundred dollars if you were asked to find the down payment we would find ten percent of two hundred twenty two thousand which would be 0.1 times 222 000 which would be 22 200. so another way to find the loan

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