Real Estate Math
An investor purchases a property for $500,000 with 20% down. What is the investor's equity at purchase?
A$50,000
B$75,000
C$100,000✓ Correct
D$125,000
Explanation
Down payment (equity) = $500,000 x 20% = $100,000. To solve this, multiply the relevant values: $500,000 at 20%.. The correct answer is $100,000.. This is a common calculation on the North Carolina real estate exam.
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