Real Estate Math
A buyer purchases a home for $750,000 and makes a 20% down payment. What is the loan amount?
A$150,000
B$600,000✓ Correct
C$625,000
D$500,000
Explanation
Down payment = $750,000 × 20% = $150,000. Loan amount = $750,000 − $150,000 = $600,000.
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