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2 November, 05:07

Patti green and her husband are purchasing a condominium for $123,000. They have $15,000 for a down payment. What is the amount of their mortgage loan?

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  1. 2 November, 08:57
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    The amount of their mortgage loan is $108000

    Step-by-step explanation:

    we are given

    total purchasing amount = $123000

    down payment amount = $15000

    we know that

    Mortgage loan amount = (total purchasing amount) - (down payment amount)

    now, we can plug value

    Mortgage loan amount = $123000-$15000

    Mortgage loan amount = $108000
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