Real Estate Math
A buyer pays $375,000 for a home with a 20% down payment. What is the loan amount?
A$75,000
B$280,000
C$300,000✓ Correct
D$325,000
Explanation
Down payment = $375,000 × 20% = $75,000. Loan amount = $375,000 - $75,000 = $300,000.
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