Real Estate Math
A buyer purchases a home for $320,000 with a 10% down payment. What is the loan amount?
A$32,000
B$288,000✓ Correct
C$290,000
D$300,000
Explanation
Down payment = $320,000 × 10% = $32,000. Loan amount = $320,000 − $32,000 = $288,000.
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