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Dan and Sue have saved $14000 for a down payment on their future home. Their bank has informed them that the minimum down payment required to obtain a mortgage loan is 20 percent. What is the most that they can spend for a home and expect to receive bank approval for their loan?
Guest Mar 12, 2012
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14000 are 20%.

x*0.2 = 14000
x = 14000 / 0.2

[input]14000 / 0.2[/input]
admin  Mar 12, 2012

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