Real Estate Math
A South Carolina buyer pays $295,000 for a home, puts 10% down, and has closing costs of $7,200. How much cash does the buyer need at closing?
A$29,500
B$36,000
C$36,700✓ Correct
D$37,200
Explanation
Down payment = $295,000 × 10% = $29,500. Total cash needed = $29,500 + $7,200 = $36,700.
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