Real Estate Math
A buyer in Edmond, Oklahoma purchases a home for $385,000 with a 15% down payment. What is the loan amount?
A$327,250✓ Correct
B$330,000
C$342,500
D$346,500
Explanation
Down payment = $385,000 x 15% = $57,750. Loan amount = $385,000 - $57,750 = $327,250.
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