Real Estate Math
A Missouri home sells for $185,000. The buyer pays a 20% down payment. What is the loan amount?
A$37,000
B$148,000✓ Correct
C$165,000
D$155,000
Explanation
Down payment = $185,000 × 20% = $37,000. Loan amount = $185,000 − $37,000 = $148,000. To solve this, multiply the relevant values: $185,000 at 20%.. The correct answer is $148,000.. This is a common calculation on the Missouri real estate exam.
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