Real Estate Math
A Delaware buyer purchases a home for $280,000. The buyer puts 10% down. What is the loan amount?
A$252,000✓ Correct
B$28,000
C$280,000
D$224,000
Explanation
Down payment = $280,000 × 10% = $28,000. Loan amount = $280,000 − $28,000 = $252,000.
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