Real Estate Math
A buyer puts 20% down on a $500,000 home. What is the loan amount?
A$100,000
B$400,000✓ Correct
C$450,000
D$380,000
Explanation
Down payment = $500,000 × 0.20 = $100,000. Loan amount = $500,000 - $100,000 = $400,000.
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