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Cai wants to buy a home for $570,000. If he can make a down payment of $28,500, then how much does Cai need to borrow from the bank? Answer:

Cai wants to buy a home for $570,000 \$ 570,000 . If he can make a down payment of $28,500 \$ 28,500 , then how much does Cai need to borrow from the bank?\newlineAnswer:

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Q. Cai wants to buy a home for $570,000 \$ 570,000 . If he can make a down payment of $28,500 \$ 28,500 , then how much does Cai need to borrow from the bank?\newlineAnswer:
  1. Identify cost and down payment: Identify the total cost of the home and the down payment made by Cai.\newlineTotal cost of the home: $570,000\$570,000\newlineDown payment made by Cai: $28,500\$28,500\newlineTo find out how much Cai needs to borrow, we subtract the down payment from the total cost of the home.\newlineCalculation: $570,000−$28,500\$570,000 - \$28,500
  2. Calculate amount to borrow: Perform the subtraction to determine the amount Cai needs to borrow.\newlineCalculation: $570,000−$28,500=$541,500\$570,000 - \$28,500 = \$541,500\newlineCai needs to borrow $541,500\$541,500 from the bank.

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