Real Estate MathQuestion 109 of 120
A buyer pays $280,000 for a home and puts 15% down. How much is the down payment?
a.$42,000
b.$28,000
c.$56,000
d.$4,200
Explanation
Multiply the price by the down payment percentage: $280,000 x 0.15 = $42,000. The remaining $238,000 would be financed.
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