Real Estate Math
A buyer receives a $10,000 down payment assistance grant. The home costs $250,000. The buyer makes a total 10% down payment including the grant. How much cash does the buyer contribute?
A$15,000✓ Correct
B$25,000
C$10,000
D$12,500
Explanation
Total down payment = 10% × $250,000 = $25,000. Buyer's cash = $25,000 − $10,000 (grant) = $15,000.
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