Real Estate Math
A Missouri property is purchased for $195,000. The buyer makes an earnest money deposit of 2%. Earnest money is:
A$1,950
B$3,900✓ Correct
C$5,850
D$9,750
Explanation
Earnest money = $195,000 x 2% = $3,900. To solve this, multiply the relevant values: $195,000 at 2%..
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