Answer:
$5,500
Explanation:
The computation of the cash required is shown below:
= Loan amount on property × remaining percentage - additional deposit
= $80,000 × 10% - $2,500
= $8,000 - $2,500
= $5,500
The remaining percentage would be
= Percentage - given percentage
= 100% - 90%
= 10%
The difference which comes is the cash requirement after considering the loan amount and the additional deposit
