Real Estate Math
A Colorado buyer is purchasing a $345,000 home and must bring 4% cash to closing (down payment plus closing costs). How much cash must the buyer bring?
AA. $13,800✓ Correct
BB. $55,200
CC. $13,800
DD. $27,600
Explanation
Cash required = $345,000 × 4% = $345,000 × 0.04 = $13,800. To solve this, multiply the relevant values: $345,000 at 4%.. The correct answer is A. $13,800.. This is a common calculation on the Colorado real estate exam.
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