Charlie purchased a home for $300,000. the mortgage company requires a 10% down payment and charlie chooses to finance the property for 30 years at 6%. what is charlie's down payment?

 Charlie's down payment to purchase home is $30,000.

Step-by-step explanation:

Given that :- Charlie purchased a home for price = $300,000

Mortage company requires a down payment of =10% of price of home

Therefore, Charlie's down payment = 10% of price for home

⇒Charlie's down payment =10% of  $300,000

⇒Charlie's down payment =0.1 × $300,000

⇒Charlie's down payment =$30,000.

Thus, Charlie's down payment to purchase home is $30,000.

$9.41

step-by-step explanation: