Real Estate MathPregunta 107 de 120
A buyer makes a 20 percent down payment on a $350,000 home. How much is the down payment?
a.$7,000
b.$35,000
c.$70,000
d.$280,000
Explicación
The down payment equals the price times the down payment percentage: $350,000 x 0.20 = $70,000. The remaining $280,000 would typically be financed. Converting 20 percent to 0.20 is the key step.
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