Question

Suppose that 10 years ago you bought a home for $170,000, paying 10% as a down payment, and financing the rest at 9% interest for 30 years.

Your existing mortgage (the one you got 10 years ago)

How much money did you pay as your down payment?

$

  

Answer 1

down payment$=10/100\times170,000=\$17,000$