Real Estate Math
A Massachusetts property sells for $725,000. The buyer puts down 20%. What is the mortgage amount?
A$145,000
B$580,000✓ Correct
C$600,000
D$560,000
Explanation
Down payment = $725,000 × 20% = $145,000. Mortgage = $725,000 − $145,000 = $580,000.
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