Real Estate Math
If a Utah investor buys a property for $650,000 and puts 25% down, what is the loan amount?
A$487,500✓ Correct
B$162,500
C$520,000
D$437,500
Explanation
Down payment = $650,000 × 0.25 = $162,500. Loan = $650,000 − $162,500 = $487,500. To solve this, multiply the relevant values: $650,000 at 25%.. The correct answer is $487,500.. This is a common calculation on the Utah real estate exam.
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