Real Estate Math
A Missouri home buyer makes a $7,500 earnest money deposit on a $375,000 home. What percentage is the EMD?
A1%
B2%✓ Correct
C3%
D5%
Explanation
EMD % = $7,500 ÷ $375,000 = 2%. Using the values given ($7,500, $375,000), apply the appropriate formula..
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