Real Estate Math
A property sells for $325,000. The buyer makes a 20% down payment. What is the loan amount?
A$65,000
B$260,000✓ Correct
C$305,000
D$325,000
Explanation
Down payment: $325,000 x 20% = $65,000. Loan amount: $325,000 - $65,000 = $260,000.
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