Real Estate Math
A buyer makes a 5% down payment on a $380,000 Alaska home. What is the mortgage amount?
A$19,000
B$361,000✓ Correct
C$380,000
D$399,000
Explanation
Down payment = $380,000 × 5% = $19,000. Mortgage = $380,000 − $19,000 = $361,000.
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