To determine how much money will need to be loaned from the bank after making a 20% down payment on a [tex]$180,000 asset, let's go through the calculations step-by-step:
1. Determine the Amount of the Down Payment:
- Given that the down payment is 20% of the asset's value:
\[
\text{Down Payment} = 20\% \times \text{Asset Value}
\]
- Converting the percentage to a decimal:
\[
20\% = \frac{20}{100} = 0.20
\]
- Therefore, the down payment can be calculated as:
\[
\text{Down Payment} = 0.20 \times 180,000 = 36,000
\]
2. Calculate the Loan Value:
- The loan value is the amount required after subtracting the down payment from the asset value:
\[
\text{Loan Value} = \text{Asset Value} - \text{Down Payment}
\]
- Substituting the known values:
\[
\text{Loan Value} = 180,000 - 36,000 = 144,000
\]
Conclusion:
The amount of money that will need to be loaned from the bank, after making a 20% down payment on a $[/tex]180,000 asset, is [tex]$144,000.
So, the Loan Value is \( \$[/tex]144,000 \).
