Real Estate Math
A Kansas property sells for $185,000. The buyer makes a 10% down payment. What is the loan amount?
A$18,500
B$166,500✓ Correct
C$175,000
D$183,150
Explanation
$185,000 x 10% = $18,500 down payment. $185,000 - $18,500 = $166,500 loan amount.
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