Real Estate Math
An investor buys a duplex for $280,000 with 25% down. What is the loan amount?
A$180,000
B$200,000
C$210,000✓ Correct
D$220,000
Explanation
Down payment = $280,000 x 25% = $70,000. Loan amount = $280,000 - $70,000 = $210,000.
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