Question

how much money will need to be loaned from the bank after the 10% down payment on a $575,000 asset?
down payment = $57,500
loan value = $?

Explanation:

Step1: Identify total asset and down payment

Total asset value: $\$575,000$, Down payment: $\$57,500$

Step2: Calculate loan value

Loan value = Total asset - Down payment = $575000 - 57500$

Answer:

$\$517,500$