Real Estate Math
A buyer wants to buy a property with a 25% down payment. The sale price is $520,000. What is the loan amount?
A$130,000
B$390,000✓ Correct
C$400,000
D$420,000
Explanation
Down payment = $520,000 × 25% = $130,000. Loan amount = $520,000 − $130,000 = $390,000.
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