Real Estate Math
A Kansas lender requires a 20% down payment on a $295,000 purchase. How much is the down payment?
A$49,000
B$59,000✓ Correct
C$59,500
D$49,500
Explanation
$295,000 × 0.20 = $59,000. To solve this, multiply the relevant values: $295,000 at 20%.. The correct answer is $59,000.. This is a common calculation on the Kansas real estate exam.
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