Real Estate Math
A buyer puts 5% down on a $395,000 home. How much is the down payment?
A$15,800
B$19,750✓ Correct
C$20,000
D$39,500
Explanation
Down payment = $395,000 × 5% = $19,750. To solve this, multiply the relevant values: $395,000 at 5%.. The correct answer is $19,750.. This is a common calculation on the Utah real estate exam.
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