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Sagot :
Answer: 45%
Step-by-step explanation:
You need to purchase price to answer this question and I believe that purchase price to be $240,000.
The question wants to know the percentage of the purchase price that the down payment is and to find that out, use the following formula:
= Down payment / Purchase price * 100%
= 108,000 / 240,000 * 100%
= 45%
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