Real Estate Math
A buyer purchases a home for $185,000 with a 10% down payment. What is the loan amount?
A$16,650
B$166,500✓ Correct
C$18,500
D$168,500
Explanation
Down payment: $185,000 × 10% = $18,500. Loan amount: $185,000 − $18,500 = $166,500.
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