Real Estate Math
A Missouri buyer makes a 5% down payment on a $245,000 home. The down payment amount is:
A$10,200
B$12,250✓ Correct
C$12,500
D$22,500
Explanation
Down payment = $245,000 x 5% = $12,250. To solve this, multiply the relevant values: $245,000 at 5%.. The correct answer is $12,250.. This is a common calculation on the Missouri real estate exam.
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