Real Estate Math
A Hawaii investor purchases a property for $800,000 and puts 25% down. What is the down payment amount and the loan amount?
A$600,000.0000000000000000000000000000000✓ Correct
BB. Down: $200,000; Loan: $700,000
CC. Down: $250,000; Loan: $600,000
DD. Down: $150,000; Loan: $650,000
Explanation
Down payment = $800,000 × 0.25 = $200,000.
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