The damage cause to the church by the bombing was $458,000. Insurance covered individual $250,000. To raise the remaining funds, the church held a baked stuff sale that earn $9,000, and a rummage sale that earn $26,000. Private donations to repair the church reached $92,000. What be the amount of the loan that the congregation had to seize repair the church?
Answers: 458k - 250k = 208k
208k - 9k = 199k
199k - 26k = 173k
173k - 92k = 81k
The church will need to borrow $ 81,000.00
81k $81,000
82K, 1K go to the church as a donation A REAL church shouldn't get a loan. The bible say, "neither a borrower nor a lender be." Debt is NOT supported, biblically.
Answers: 458k - 250k = 208k
208k - 9k = 199k
199k - 26k = 173k
173k - 92k = 81k
The church will need to borrow $ 81,000.00
81k $81,000
82K, 1K go to the church as a donation A REAL church shouldn't get a loan. The bible say, "neither a borrower nor a lender be." Debt is NOT supported, biblically.